Plus, you'd be surprised how often opportunities arise to represent someone and make some quick cash;- You'll get access to the forms you need;- You'll get access the MLS and some potential deal flow;- You'll have the ability to list short sales (if that's your cup of tea);- You'll be able to network with lots of others in the industry;- You'll learn all the basics of real estate that you're currently confused about.

He actually hires a PM to find potential tenants who are qualified, then does his own second tier screening of the final list of tenants and the PM gets half of first months rent.

Happy to see your smiling face even more often on BP.

We're all biased towards incredible stories.We end up thinking that "high school drop-out turned millionaire" is much more common than it actually is, because we hear that story much more often than "high school drop-out turned out exactly as expected".My rule of thumb: get the best education you can, unless a better opportunity presents itself.

I will be eliminating alot of tenants if they must be internet capable.

Now I hear from them as often as I hear from credit card companies and "Dish Network".

Repairs and maintenance done piecemeal (and often at "afterhours" overtime rates), and especially low quality repairs that you end up Re-doing in a year, will break you.Or, you take into consideration that when it was new, the property had a design life of 40-50 years, and now, most of that life is used up.

Forgot to mention that I go travel from Milwaukee to Phoenix quite often, hence to locals!

I think you will also start to see a better pool of tenants as a result.

I've found that the decision is often based more on the availability of good, reliable, cost effective labor.