Hi @Eric R.

I've just joined a pretty hands off R/E skillbridge where you're free to work on getting your lisence on your own time, once you have it you get to shadow someone killing it in your area.

Purchase/Rehab & Cost of HMLA =  Asking Price + Cost of RehabB = % of AP/Rehab HMLC = HMLD = Cash neededE = Point %F = Points $G = Interest Rate %H = Interest/MonthI - # Months for RehabJ = Total Interest CostK - Total Cost HMLL = TOTAL COST Purchase & REHABFORMULAS:  A * B = C; A - C = D;  C * E = F; C * G = H; I * H = J; C + F + J = K;  K + D = LREFINANCE COSTM = After Repair Value (ARV)N = % ARV Maximum Refi LoanO = Max Loan $$P = Int % on LoanQ = Term (Years)R = Monthly Pmt (use any free online amortization calculator for this number)S = 6 months of pmts for HMLT = TOTAL COST RefinanceFORMULAS:  M * N = O;  6 * H = S;  S + REFI Closing Costs = T  Analysis of CostU = Additional Cash NeededV = Cost of Refi Closing %W = Cost of Refi Closing $$X = Total Cost to Buy/Rehab/FinanceY = Net Cost to LoanZ = Positive deal or Negative dealFORMULAS: U + K + W + T = XO - X = YIf "X" > 0, Z = Positive Deal; if "X" < 0, Z = Negative DealThen analyze the cash flow separately This is why I stress the two most important books every REI should go back and read, and be highly proficient in, is Geometry and Algebra. 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcasts: https://www.biggerpockets.com/...Wishing you the best!

@Brett Baginski it’s all about the last R, repeat.

I also recommend Intent to Prosper by R Kymn Harp that is an epic read about due diligence.The ULI books are the gold standard to me as well.

You r cleaner will be your main tool for your STR if you are remote.

Quote from @Lydia R.: As someone who was once where you are now, dont fail to take action because you think you need someone to hold your hand.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcasts: https://www.biggerpockets.com/...Wishing you the best!

Originally posted by @Alex R.