Also, read the Ultimate Beginner's Guide, it will give you an idea of how you can get started.Once you have been around and utilized the resources here, you can start formulating a plan.Good luck and let us know how you can help!

You are counting reserves and utility deposits as an expense.

Did I make a big mistake picking that as my target market?

You need closing money, down payment, money to start repairs, buffer money for repair overages, insurance, points/interest, utilities ..

Remove the utilities and you may be at $100/mo.If the owner pays maintenance, this is no deal.

I don't think the office thing interests me enough to want to pick it up and deal with the commercial side of it

I'd like to help out friends and family and pick up a couple outside listings, nothing crazy.I live in Maine and I'm being told that not many agencies will want a part time agent.

We also have lien issues for utilities - I get around this is in one of two ways depending on the property:1. charge a $40-$50/mo utility fee per person in the unit.

A recent book I've picked up by Donald Trump mentions how he set his goals extremely high.

I've been looking at some 3 and 6 plexes and they have extremely high utilities costs.