Evictions are not extremely expensive, and the outcome will be worth more than what you spend on it.

I think the first step should be to make your personal financial statements (balance sheet and income statement), this will not only be useful should the loan officer ask for it, but will also give you an idea of where your money is going and where you can cut back on your spending.  

Spend some time reading about the various aspects of investment property.

I could not believe any more strongly with the BP log in page saying we were not meant to spend all of our time in cubicles and I aim to change that for myself. 

Also, I would be worried about them spending 75.00 a month in odds and ends repair, it seems like they just didn't fix anything.  

In addition, you will be spending time with people that ARE DOING IT, so LISTEN to THEIR conversations!  

You can't buy homes based on the note value because they could skip tomorrow and you are left spending 5k to fix.

@Das Siva, @Aaron Mercer, @Simon Baker, @Deborah Tucker (can someone tag her I apparently don't have her as a colleague).Hey all of fellow Aussie's :)I just booked my tickets and will be visiting the great land down under this year from March 1st - March 9th.Anyone that's in Sydney and keen for a catch up, please drop me an email via my signature below.I'll be doing 3-4 days of meetings and spending the rest with family an friends.Haven't been home in over 3 years so really looking forward to the trip :)

@Andrew Sanchez, my biggest piece of advice is to spend some time here in the BP Nation.

Hi Bernard,Welcome to BP, this is a great website and resource for all types of real estate investing.I always recommend these 3 things to beginners:1) Do a lot of research here2) Do not spend a lot of money with coaches, it would be much better to put that money to work and learn from experience, I'm not against coaches or education, but you need to be careful as there are some that are really bad3) There are many real estate clubs out there, visit them, select your favorites and meet other investors working your area.