It involved buying each property, then knuckling down and paying it off before repeating the process on the next.

I would like to know how many total hours a good self manager is involved in coordinating handyman, placing ad/signs, handling emails/phone calls, verifying employement/references, showing properties, movin in walkthrrough, chasing checks and etc...

I'd always be nervous of long-distance investing, unless it was a larger, more "hands off" property.

I dont believe most of the small guys have a clue what is involved or how it could benefit them, ones I have dealt with are comfortable with eeking out a job here or there to pay for daily life, they have no ambitions for anything more.

I'm guessing there are absentee owners who are already sick of landlording long distance and want to be rid of their properties and move on.I've seen a few people here complaining about a low response rate from their absentee list, so I'm wondering if my criteria hasn't been hit as hard.

I bet within driving distance of you there are less desirable neighborhoods (to homeowners not necessarily an investor) where there is a better opportunity of getting discounts.

(about loan purpose) Good to be aware of, since regardless of what part of the housing industry you're involved in, this comes up.For me, as a hard money lender, I don't do owner-occupied loans, but often run into non-owner loans that are for consumer purposes.

There are a ton of fantastic articles on rehabbing here on the site, and countless conversations here on the forums.Otherwise, jump in and get involved in the discussion -- you'll find that you learn a ton from interacting, and it will help you quickly build up your network.We're here to help . . . use us as your group of 100,000+ mentors!

I just want to learn the process involved and what is necessary to actually purchase a property.

I just want to learn the process involved and what is necessary to actually purchase a property (as well as how to determine revenues and expenses).