Be slow and intentional and realize that the boom there will end at some point.

mainly due to property values - there's tons of shorts on the market currently and a whole new wave of REOs waiting to hit.

Your main advantage right now is that you have CASH -you can walk into *VERY* nice deals and enjoy good rent profits without trying to beat out a mortgage or risk crazy rehabs.

The main issue is this would be my first transaction.

My main goal is to succeed at my niche and keep perfecting my strategy to make the process less riskier and potentially make smart decisions.

Thanks everyone for the great advice.Michael Siekerka, I'm mainly looking for SFR around Austin (as far as San Marcos) with an ARV of 100-140k.

The main one I wanted in CA was locked up for some time.

I'd like to help out friends and family and pick up a couple outside listings, nothing crazy.I live in Maine and I'm being told that not many agencies will want a part time agent.

Having real, tangible assets makes me feel a whole lot better about the situation than relying on the stock market and a 401(k) to be useful.Speaking of podcasts, after listening to Podcast 14, I want to thank Ben Leybovich for the inspiration to aim high and be more specific and intentional in our business plan.

Everyone has given great ideas and although we all advise with best intentions mistakes are a human trait so don't get too discouraged if the results aren't coming through in a hurry for you'll come to love this business as most of us already do.