What is the cheapest STR or LTR I can buy that will give me positive cash flow?
Even though I am almost 50 and work in finance in NY, I have zero practical experience with the real estate investment. Dreamed about real estate investing fore years...
I would like to buy my 1st property and try it out. I cannot be in FL to manage, so will need to hire a management company.
And don't want to start with a large loan. Want to start small. Where could I buy a studio or 1br that is a ready to rent condition that would make sense with the current interest rates and market situation, and what would be the price range? Would love your advise.