I am new to REI and am trying to determine the best way to start with limited financial resources.  

@Michael Babin with the limited numbers you have given you will only lose $104 per month. how I calculated it. 50% expense= $2025 per month  left over for PI. [email protected]% = $2129.

If he has a limited amount of recent customers that's a flag.......If you're really serious about flushing out recent events go to the building department and look up recent permit applications (public record).I should have mentioned this first but the first two questions are 1) are you licensed / whose license # is going to be on the permit. 2) are you insured. 

@Caleb Heimsoth everything originally was automatic withdrawal when he didn’t have enough funds and said someone hacked his account he opened new account.

There will still be limitations. 

I know one do = maintain a limit before you begin bidding and don't = change your bid maximum so you can stay focus and remove any emotion.

That is, if a real estate loan is originated by either license holder, there is no limit on the interest rate that can be charged.

This what they did: Develop an accurate budget for spending in retirementUnderstand the options available through Medicare and the cost of those optionsReview Social Security benefits, and identify the optimal time to begin drawing benefits to maximize the likelihood that your financial plan will be successfulUnderstand the mechanics behind taking portfolio withdrawals to support your financial needsAssess the impact of a potential long-term-care need on your overall retirement plan

If there are any, hopefully they are limited to the current owner and manager not the property or location.

Just to make some money is not a goal, especially if you are not sure what your doing and your funds are limited.