Hi Sachin,I'm also new to real estate investment myself and have been looking for different ways to educate myself, including joining BP a few days ago (by the way, I think this site is great so far!).

The best procedure is to educate yourself as thoroughly as possible, then find a good tax pro based on referrals from investors or property managers.

Not beating him up at all...just trying to educate a bit, so that next time he does a deal we don't need to beat him up

Unless of course you will be primarily attracting the young, educated and professional crowd.

After a few months of research and educating myself on wholesaling and the proper way to go about things I finally made my first offer.

My question is it worth getting funds 6 months earlier if you are confined to leveraging 10% less of those funds.

So don't look at what the market is today look at what the saturation levels and pricing will most likely be when you come to market with a finished product.Don't be too rosy in your projections.This is what killed many developers who used high leverage and bought in 2007.They overpaid for the old building or land,used too high an ltv (90%),and had high rents expected on the cash flow which skewed the projects anticipated returns.When things finally came to market debt service was high and rent income was low and many developers with non-recourse walked.Today everyone wants to nail you to the wall to lend any money so you have to be ultra conservative in your numbers.

Hey Jon, I've had several different companies over the last several months, it looks like they are coming in around $330-350.A few of the things I look for:- Education: I like to work with inspectors who help educate me on maintenance-related issues.

To do that, you need to leverage your 3 existing rentals into 10-12 rentals by taking advantage of these perhaps-once-in-a-lifetime low mortgage rates.

I am educating myself like crazy right now.