Place rental ads around the neighborhood and onlineFind renters while continuing collegeScreen renters and have them fill out deposit agreements, and other contractsMake renters pay the first of every month and make them pay for electricity.After college rent all units outRefinance after moving outEach 5 years try to refinanceMove on to other propertiesAfter 30 years start the selling processPlans for turning a profit on first dealHave 10% worth of reserve fundsBuy using an FHA 203b Loan with 3.5 % downRent other units not occupied by meRefinance whenever possible for positive outcomes of loan termsRefinance for cash out for other deals.Move out of unit and rent that after 4+ years of collegeMove on to other deals while this continues to thriveWait 10+ years until home is free and clear and appreciation is high unless the local area turns below my requirements before 10 + years and then sellSellIn summary of profit plans, the main way for my gains is through appreciation and cash flow and taking out equity if possible.Team ComponentsYour Mentor - Every successful entrepreneur needs a good mentor - a guide.

I see the benefits of working with someone that knows you market and im even willing to pay for that if i have to. but after reading the forms and guides on this website im not sure what to do. any help will be appreciated. 

-thank you for answering my question about putting up cash vs financing at the start.For question#2, extremely helpful:  This is a great guide to ask a realtor in the market.  

Start with Beginner's Guide to Investing and listen to some of the Podcasts.

Indeed feel free to ask here in the forums.If you like, you can check this quick guide to learn how to use BiggerPockets to grow your business: http://www.biggerpockets.com/bizSee you around!

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Also, fun fact... the lender who guided me through the process initially now lives in New Orleans and does the same thing with a different company. 

He controls the conversation and makes (guides) the seller into giving and lowering the price.I can't seem to make that happen.I had a seller who was relocating and needed to sell his home in order to close on his new house in 5 weeks.  

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

If you just want to promote the REIA, you'd do it in the Marketplace.Otherwise, you can create a profile for the group on our Companies directory at http://www.biggerpockets.com/companiesGood luck to you.BTW - This guide might help: http://www.biggerpockets.com/biz