Also, there are those that have bought into some of the most expensive new developments to be built with the anticipation of flipping them for big money.

How do you anticipate handling escrow, inspections.

Old houses always have more work than anticipated.

Old houses always have more work than anticipated.

I moved out to little rhody this past year and taking the plunge on making my money work for me.I am anticipating on going to the investment group here this Thursday but other than that I'm looking to connect with individuals who can help with the process.

Because it can be illegal, it's predatory (there's nothing like being the vulture that swoops in and tries to low-ball heirs on a family home a few days after your mom dies), and often times wholesalers just throw random numbers out there on anticipated returns.

I have gotten into buying and selling Mobile Homes but the business is coming in much quicker than I anticipated and I'm starting to have to pass on deals b/c I don't have the cash flow yet.

Plus, with the introduction of everyone in attendance, I feel everyone is "encouraged" to network/interact.

My question is this, with 10k in reserves and no anticipated major expenditures, are you still setting aside 10% per month for capex? 

Maintenance will be done by your maintenance tech that is full time and leasing, rent collection and tenant interaction will be done by the property supervisor that if full time.