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Originally Posted by bigfoot How many of you in real estate would start now?* Can anyone suggest some decent references?

We've never stopped! But prices are way high right now and we're waiting for a disaster to bring prices down in the next decade or so. The key is staying informed enough while you're waiting so that you can recognize when prices are down.

Try these classics to see if the numbers in your area make any sense: Investing in Real Estate, 4th edition or later, by Andrew McLean & Gary W. Eldred (who's taken over the new editions). Try this book to see if you're interested, even if the numbers make sense: Landlording by Leigh Robinson (7th edition or later).

Another long-term option would be to seek a residential property manager's job. Landlords would prefer someone on site who's reliable (knowledgable is an unexpected bonus). You'd certainly get a lot of experience along with your free rent, and you'd be the first to recognize a bargain coming on the market.