I am looking at the closing costs for my loan, while they aren't horrible I want to minimize my cost of money if possible.

Sadly a mass of the population of investors does not.So if I am buying a 150 unit and I have calculated for a full time repair person,professional management company, and do not have extensive mitigated CAPEX going in, and I have records for the last 3 years showing stability then YES involvement can be minimal with the right team in place.A Walgreens and an apartment are totally different animals.Walgreens -BBB investment grade credit or better.*25 year primary lease on most*New product sells for about a 5.25% to 6.5% cap depending on desirability of location (rural, suburban, urban) If you have to obtain financing the DCSR is usually 1.01 and the finance is about 10 to 15% down.

I am just vary excited to be getting started and want to minimize my mistakes as much as possible.

Luckily, we have a great lender and attorney who will be charging us minimal fees to make this happen.

You can still get a sense of how the property will perform year-to-year and whether it looks like the proceeds from the eventual resale will justify holding the property with what may be a minimal cash flow.

Their risk, OTOH, is minimal.

So I firmly believe that was a step in the right direction.Meanwhile, my girlfriend of three and a half years and I went to a rich dad free seminar down at the country club, and two things happened: she started to see where investing and 'financial intelligence' could take us, and I got fired up again about real estate investing (from two angles this time).Our current situation is as follows:Me:Almost zero cash and minimal credit available at this pointSOME stuff in collections from when I was in school, medical stuffsomewhere around 20,000 in school loans10,000 in credit card debt, plus another 5000 for my Jeep.Her:about 5000 in savings for a rainy dayprobably around 20,000 in available credit if she asked for itJUST(October) purchased the home we live in, so a new mortgage of 150,000That's about it.Right now I'm hurting for the winter, as I'm pretty new in the real estate business, and she's doing okay.

Normally rent variation based on start time of lease is minimal; I might give a lower rent to fill vacancy in winter for example, but otherwise i try to get a fari market rent (not always max market rent).But since you know when the hot season is, you want to time your lease renewal in that area to be during that hot time of the year, so you might end up with a lease for some number of months that isn't a multiple of 12 to do that.

Nothing profound, but key is to minimize outflows and maximize income.

If you have good tenants, the demands on your time should be minimal and it will put an additional $150 per month in your pocket.