It'll still boil down to your net worth and liquid assets but it'll help you get that experience under your belt. 

I'm guessing that one cost me about $10k...I say this...do NOT do an SLO till you have at least 12 months or 12 LO assignments under the belt IN THAT AREA....Sub-2 and SLO's are fine, but not for the newbie...IMHO...Also..

Get a few deals under your belt and then start looking for OPM. 

Skipping the buyer's agent is more appropriate for once you've got a few deals under your belt. 

The problem with big banks is they have so much bookish and protection of their money that they're almost insane, they are there when you don't need them but they strap up their belt if you do.

a) Avoid any unnecessary costs as a beginner b) Get a few properties under your belt first before you consider an LLC. c) Consult with a good real estate CPA (not all llc's are equal)d) happy investing !  

We had new brake pads put on as well.The newest thing I had to do was replace the front driver side seat belt assembly.

Anything you buy and finance, like a boat, should be half down and financed to be paid off in 18 months no more than 2 years.Unless you have a huge student debt thing going on or supporting your parents or have medical bills that are not disclosed, you don't need to do anything but tighten up your belt.

I looked at some of the lower income near west places as well; but that area is getting a little too hot for a newcomer to play ball : )I haven't been to any REI clubs yet, primarily because I'm really new to this whole thing and was hoping to get some homework under my belt prior to showing up at a club and being clueless when RE terms are used.Nate

@Belinda Lopez Thank you for that, that raises other questions with the buyer and the seller, but it's one more strategy to have under your belt @Jon Holdman Will consider that for my next deals.