I am brand new to the business, and I am looking to do my first successful deal.

In CO, a brand new agent has to take 168 hours of classes.

I am new to the game, as in brand new and I do not have a clue where to really start.I currently own a house that we plan on living in for at least another 15 years or so, but we are very much underwater still, by maybe 40k or so.

I do plan to keep it as a long term rental (it's 4 blocks away from my house), I just don't like that almost all the applicants have pets (only 1 didn't have one) so that being said I would hate for a cat/dog to ruin my brand new hardwood floors with their pee but maybe I'm being to paranoid and maybe it's worth the risk and make it a high end rental and hopefully keep the high rent.I still haven't put in the granite, this was one of the conditions for me to charge $1,700/month, I haven't done a good job on doing my homework about the type of upgrades on the rentals in the area, I do remember seeing a couple that mentioned granite, I definitely need to be sharper and get to know my market real well, I was thinking the best way to do this is to become a "prospective" tenant and go check out all the inventory for rent in the area.

The business might pull down 60k a year profit gross and so it would take almost 4 years just to break even and the sandwich brand might not be as hot by then.

Well its oK for the everyday man but let them be TK or marketing company then they are branded as bad ....So in my ever it to be humble opinion there is a happy medium.I am not a proponent of low end rentals like a lot of the folks on here deal with because I have first hand experience and knowledge of the carnage it created with very nice folks in CA that bought the dream and lost all their money to the NIce TK or Marketing company that said..

His home is worth 5 million, he said his building is 13 million, that's not considering his person mutual fund wealth, nor the value of his brand.

There are great programs in the market place now to assist with a non-brand hotel/motel.

Brand spanking new wholesaler here as well.

On the other hand, the $2,500 savings from not having the month vacancy for each unit is enough to pay for a brand new (needed) fridge for a great new tenant, with enough left over for a plane ticket to SouthEast Asia, and a bit of spending cash...