Seeing the culmination of so much work and effort and learning, learning, learning is truly the reward of life as a part-time REI.

Real estate is not easy as the shows make it out to be, but rewarding once you put the work in.

We have done very well investing in houses that have turned lots of other people off, but we have seen it as a diamond in the rough.I certainly wouldn't do that with all of our properties but diversify into slightly more risky wit more reward.

You have your entire life to either 1) reap the rewards or 2) build yourself back up.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

It's low risk, high reward. 

t will set in but accomplishing something outside of your comfort zone is one of the most rewarding experiences in life.  

The answer to the latter question will depend on the risk/reward scenario of the specific transaction.

And yes, these are my first rentals so I am trying to wrap my head around the pluses and minuses, risks vs rewards, etc.I truly appreciate your offer to help. 11 in a month?

Based on the numbers you put up it was going to be a high risk/low reward even if the repairs were $20k: $15k holding/closing+$20k rehab + $125k = $165k - $180k = $15k max profit.