That doesn't work for me because I am spending a lot of time looking at homes, establishing ARV's and repair estimates on the few that do meet the standards.

I'm originally from Portland Maine but I now live most of the year in California and spend my summers "upta camp" on Little Sebago Lake.

While your monthly payments have gone up a few dollars, you also have $32k you didn't have before, to spend/invest.

How much are you going to spend on turn-over?

As someone who wasn't even sure about what real estate investing was about at the time, I had no less than 30 people just throw their business cards at me, barely even giving me their name or leaving a good impression.Furthermore, after paying $30 to get in, there was a speaker for an hour and at the end it was a sales pitch to get us all to buy their $1200 Business in a box.I have a friend who keeps forwarding me the CTREIA event invites because he wants to start going, but my time and money is way too valuable to spend on a sales pitch.Can anyone shed some light on the actual benefits of joining a local REIA?

I've also had cases where I didn't spend enough time and in my rush to turn it unknowingly missed some deficiencies that I had to send high priced handymen out multiple times while it was occupied to fix.

I only cared about getting the space back on time for the new tenant and in a condition where the new tenant could move in and begin operating immediately.This required a lot of additional work on my part, and I executed these re-lease subleases for no fee, but it solved a business problem for the client and he was always glad to hear the course of action led resolving a business problem he wouldn't have to spend time addressing.In return for my efforts, I got to spend a tremendous amount of time around a brilliant business mind.

I think if you are going to spend the time and money why not get the benefit.

Looking back and knowing what I know now, I would've definitely had a lawyer draw up a contract in regards to ALL aspects of the partnership including dissolution in order to mitigate the risk of ending up in court, spending large amounts of money on lawyers and a great deal of stress.

Tranportation imporvements, Vacancy rates, unemployment, average household income, growth rate of population, available rental stock, infrastructure improvements, large employers moving in.