And I am trying to learn more about an entry point, or starting level in real estate, rental properties and the like.I did work briefly as a sales-man in El Paso Texas, long enough to learn the basics of salesmanship, and decided not to go all in on memorizing the specifications on the products I was supposed to be selling, and rehearsing the companies sales pitch for door-to-door sales, or telemarketing.The problem I am having isn't so much a business plan/game plan, as it is initial financing to get the ball rolling.

I'd be scared to test the big paper because of the cost and even if it pulled, my area is way smaller as I've gotten lazier in my old age.

Will,I agree with you on being disgusted with all this garbage about the brand-new laws that will take effect in 2014, and no one will know how the law will play out until 2014 and also until it is tried and tested.

Phillip,My quick thought would be to "stress test" your re-fi numbers at higher interest rates (5%-5.5%) because there's a significant chance that 4.5% rates will be long gone 12 months out.Good luck,Adam

Test the market to see what it will bare.

Everyone has their own thoughts and views so you just have to roll with the punches and keep going!

Let them yap away (put a deaf ear to it)and when you have them big ole checks roll in see how fast those frowns turn upside down...Kudos,Mary

At $550/mo. your rent roll will be $3,700/yr. after taxes and insurance.

Like I quickly learned after college, however, you don't really know anything until you actually, physically do it, so I am anxious (but slightly nervous) to get the ball rolling here in the next month or so.I won't go into the gory details of the business plan, but my general goal is to buy and hold cash flowing SFR's over the long term.

As in any business, you will need to split test your marketing efforts.