If anyone could speculate on typical reasons as to why a large number of units like this might go completely vacant that would be educational for me.Also, in general, in your experience when someone says it "needs a rehab" are they talking about spending $500 or $5000 per unit?

I am very educated in the REI field, and I am a licensed mortgage broker in the State of Colorado.

As for resources, this site can help educate you across the board!

Hi all,I've been a REI for about 3 years now and have finally decided to make the leap and do more deals (the last time I made a deal was 3 years ago, when I started).I've been re-educating myself (books, web) for the past few months and wanted to join a club, meet like minded individuals and learn more from those that are DOING rather than DREAMING.

Similar to the FUD factor.Fear of making a bad deal because of ignorance of what I NEED to know to make an educated decision(s).I am quickly fixing the ignorance part with lots of reading of RE books and with the excellent info and helpers on Bigger Pockets.Soon oh very soon deals will be made :) Actually I am in the process of building my "team" for RE deals.

I am now looking for seminars and home courses to start my education.

The real advantage of real estate is being able to leverage considerable amounts of unrealized equity, which creates and accelerates wealth.For example lets say you used that 45k to purchase 4 homes for 70k each but had market values of at least 100k each.

If you come to great forums like this one, focus on pursuing your education, and make sure to surround yourself with positive influences, you will be able to replace all of that fear with confidence.

Many people think that if they are at 80% LTV, a bank will give them a LOC equal to the remaining 20% to theoretically leverage the prop to 100% - this is not the case.For both options many of my clients are having good luck with portfolio lenders such as credit unions.

And have already run into several "shady" brokers asking for the world upfront with no disclosure.I look forward to educating myself and my group....