Over the course of a year, thats $58/month.If you're hoping for inflation to bail you out, you have to wait quite a while.

At that level of court, you aren't getting the best qualified judges, and sometimes they follow their own law instead of what is in the law books.Whatever happens, wait patiently for your first legal opportunity to get rid of your parasite tenant.

I’ve gotten a decent amount of money to get started (I think) and am trying to minimize my mistakes for my first purchase.

Hi, you all knew I'd jump in here...lol Nope, I'm waiting for Jon's first question to be answered!

If they say yes, but how, then tell them you have several ways that you can buy, if they are willing to wait for their money.

Once I get the list from them, I immediately send out a postcard mailing and wait for the phone to ring off the hook.

Selling it in the local market I am does not feel like an option at this point though - I really think I have to tough this one property out until I can either:- Pay down the loan enough to make the monthly cashflow positive- Wait until the market goes back up, sell, take the profit and reinvest

Or can it be one that takes very minimal time once started.Sorry for the ignorance, like i said im new but im learning :wink:

Therefore, you can't wait until you need it to buy it.

They save sales commissions, they just have to wait for their money.