I'm going to assume that as well as putting gutter extensions on so you make sure all water runs away from the house and that gutter water drops a solid 3+ feet away from your foundation.

Build your foundation, develop your niche and go from there.

Same as with the other contract.Keep checking around the BP site, there is a lot of detail here that will help set a good foundation for your goals.Best to you!

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Two Great reads, I bought both J.

Here are the details...4/2 home in Round Rock, TX (15 min from Austin)ARV $150K (conservative)Foundation issue at worst $15K.

Figure they are good about 10 yearsFoundation - I don't do any properties with foundation problems just yet.

Time to build the foundation below for you and your wife.

I think turnkeys are the perfect way to actually teach the basics so you can build your foundation before getting into the harder stuff.Typical services they provide (e.g., tenant search, property management) The turnkey providers find the distressed properties, rehab them fully, place tenants, and assign property management to the property to manage it on your behalf.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck 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.

Both were houses in distress (one was foundation, another an empty pool) in Plano and were on the market 3+ months.