Hey guys and gals, So over the past few days I've decided to put my finance and business background to good use and build a financial model from scratch, using a few ideas and pictures I've seen around the internet and on BP.

I agree with Conner, if you are planning to rent it out on Airbnb, you might not need to require renters insurance as you'll have the property damage protection program for hosts from Airbnb.

Give me a fast internet connection and my laptop and I am making Dollars, pushing the buttons on my laptop each morning.

We also host a pretty big monthly meetup, but we don't have any kind of satellite option for those for out of state folks.

There are lots of threads about how to find deals...so some searching and looking around the site.In general though, these days, the best deals are off-market deals that are found through direct marketing, advertising, Internet marketing, cold calling, etc.

Mark ForestThe internet has all the answers :)Clearing Dryer Vents on YoutubeThere is a brush tool designed to do exactly this.  

One thing I'm realizing from all of these responses is that I need to do as much as I can on the internet in the comfort of my own home BEFORE I start spending any significant amounts of money.

Let me add that I'm sorry about the taxes in NY (my taxes for a property of similar value is less than 25% of that amount).Just a few tips if you do go through with the purchase and rehab: Make energy efficient upgrades (windows, appliances, etc.) so the students' utility bills are better than average; have parents co-sign on the leases; and think about including utilities in the rent, such as water and internet, and raising the rent to compensate.

I see a lot of CA investors get in trouble financially for not doing their homework by just relying on what the brokers tell them or what they can get from the Internet...

Hi Everybody, thanks for hosting such a great forum.