Day 2 - Demolition & Cleanup (Friday 5/15/15)This is our first day actually doing some physical work at the house and a couple of our guys are starting to do a little clean up.

Here is a great article about it.

For now, I have been trying to absorb as much information as I can (the podcasts, articles, beginner's book, etc.) as I have absolutely no prior experience in REI. 

It seems apparent to me that actually using it to pay down debt is counter productive, until you're ready to refinance if that's your objective.It makes more sense to me to save the cash flow (true cash flow, not vacancy/maint expense savings) in a stockpile to use it when an opportunity comes along, whether that looks like a new property or an opportunity to improve either financially or physically the existing state of a income producing property.The opportunity cost of something else coming a long is probably what I'm skirting around, but in my mind it makes sense to bring in a respect for time and opportunity to the equation.I also feel like something I extrapolated from Gary Keller's Millionaire Real Estate Investor is worth sharing for anyone reading for nuggets.  

Back then I questioned, why can't I just open my own physical store and sell this stuff, why do I have to buy it from you the middle man?

Mindy, or "Mindy J" as I call her (it's her rap name),  is an exceptionally bright real estate investor, writer, and superwoman who definitely knows her stuff.She's written several articles on the BiggerPockets Blog over the past year, as well as offering advice and feedback here on the Forums.

Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.This is also a great place to meet people that can be assets to your business.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideHow to Be a Landlord: Ten Tips for SuccessFinally -be sure to setup some keyword alerts - especially for "Wichita" so you can jump into local conversations.See you around the forums! 

I would suggest you click on the "Learn" tab on the top and read the Ultimate Beginners Guide to real estate investing and additional articles.

I know you talked about this in your article but for people who haven't read it or might have questions:The due diligence fee covers our site visit, pulling preliminary title reports, and all the effort it takes to get the ball rolling.