Hi Tim, good question, I mean 500K up to 3M value max at this point, this also means total costs including my rehab costs etc. 

Including holding costs (which includes loan pay down) and all renovations, we are all in around 150K. 

Now that I'm done w/ class I can focus more on my home town, though I do have a long term plan which includes getting to know Toledo's market better.

I have been in the construction-related business since I was 17 including those college years.  

I sent out my first direct mail campaign a few days ago and I made sure to include my Google voice number as the contact on the letters.

Mainly because it combines what I like: finance, real estate, and business strategy. 

@Robert Lindsley Couple things that come to mind based off first look: I would include CapEx @ 10-15% as well.

The primary Team members should be local, experienced, and trustworthy and they include Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handeymen.This is a great site to learn from and to ask questions to people with experience.  

The first one that I googled was VTI at 0.05% expense ratio, while returning 228% since the crash in 08, or if you include the crash it's 75% over a 10 year period, not counting it's ~2% per year dividends.3. 

What amenities are you looking for in a rental including number of bedrooms/bathrooms, garage, basement etc.