Thank you @Ned Carey I took this investment course on line,  im putting the piece of puzzle together. 

I just got my interest peaked in my crazy online search for and affordable real estate investment but haven't the slightest clue as to if I should even begin to peruse just for informational purposes or actually roll up my sleeves and go for it.

at one point I had 11 houses and couldn't get anybody, accountants or bookkeepers, to give me the real numbers.... so I took over few years ago with my excel spreadsheet, directly from bank account, and split between the houses, so I can give my investors a report...However, for accountants, they don't like that, and want to bring me back to Quickbooks... and NOOOOOO WAYYYYY!!!!  

PM and team are ciritical for success I don't know that I would say that one should absolutely have 6 months of operating expenses in their bank account before buying a rental property.

Welcome to the site Account Closed

Account Closed Thanks for your insight also, that is a good idea and I will do that.

Take all these things into account.

Sydnie, the first place to start would be by signing up for a real estate class, either online or in person, to get qualify to take the TREC licensing test.I don't believe I'm allowed to post links, but go to the Texas Real Estate Commission (TREC) website, and it will guide you through the steps.Your age/appearance could deter some potential clients, but we all have some aspects that both deter and attract people.  

That isn't accounting any $ in the budget if there is any issue with foundation, roof, HVAC, exterior paint/siding replacement, or anything else.If you were to buy at a purchase price of $95,000, after back end realtor commissions and closing costs you might make a $2,000-$3,000.

Hi Account Closed, Welcome to BP and to REI!