My recommendation is to read the book and then set up a simple spreadsheet where you can start to analyze deals as you come across them.

I am here to network, ask for tips, find local meetup groups, analyze deals, and just socialize.

The sale of a property can trigger a re-assessment (depends on jurisdiction) so you do need to research this and if it will, the sale price assuming an arms length transaction, will be come the FMV which will impact the taxes.In analyzing a number of opportunities, I have seen deals that appear 'good' but which degrade to 'not good' just based on the 'likely' change in property taxes.You have to know the local jurisdiction laws and make sure you keep this in mind when running numbers.

That's why VRBO and Airbnb are so popular...you can "manage the property yourself" and save the majority of the management fees.  

Since you're a newbie w/ a real estate license, good credit and a small amount of cash, you should consider:hang your license w/ a broker that specializes working w/ investorsbecome a master @ learning how to use tools available to realtors that are not available to the general public to source and analyze opportunitiesfind experienced investors looking for deals and partner up to learnfind an investor w/ cash but bad or no credit and partner up on a deal where you can leverage your credit and their cashthe last bullet applies on any strategy.  

Contrary to popular belief, they do not want to own your building.  

One of the popular sayings here is "we don't care how they do it up North".  

I came to BP when I was searching for real estate analyzing soft wear,my search led me to the same question discussion on BP.

About 3 months ago the interest rates were 'low' at 5.75%, but the bank wanted the opportunity to reset the interest rates every 5 years (although if I went forward with the deal I was analyzing at the time I would have tried to negotiate the resets away).  

Google and Facebook are the most popular sites.