When he cited that the hall ceiling needed to be repainted, guess who spent the weekend doing this while the tenants sat and watched TV. 

I guess a little money spent ahead of time can save you a lot down the road. 

If I had spent $90k and had to learn these lessons I would probably have had a stroke.

I have spent the whole weekend reading non-stop about REO, these auction sites, how to make your bid stand out etc.

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/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 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 your existing 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!"

Is it a pair of Nike shoes, a Schwinn, or a star ship? 

Looking at his schedule E he did mention one of the properties he had a reserve account built up for repairs and had not used the money yet, but it is set aside to be spent on improvements already.  

Your time here will be well spent.

Your time here will be well spent.

My initial thought was that I spent only 1.5 – 2 hours on my phone each day-I thought wrong!