I’m currently on summer break and really want to do something like an internship or just get a feel for the day to day life of a real estate investor, how they find and close deals, how they run things, and just learn up close.Books and videos help a little, but I feel like they only go so far.

The 1% rule is a useful guideline but not absolute, some markets have different cash flow dynamics, so look at the bigger picture including appreciation potential.Since you’re coming from NYC, also consider how you’ll manage the property, local property management can make or break your experience, especially when investing out-of-state; or do you plan to self manage? 

Let’s break it down, including the tax implications, so you can make the best decision for your future:No Inheritance Tax: You’re not responsible for any inheritance tax.

I would like them as cheap as possible but the areas I buy in are around $500k to over a couple million.What I do:  Downpayment for a property will be around 25 to 35% to make it break even or cashflow. 

If trash was still from the general fund (which would be the case if the council did not approve this bait and switch), then further cuts or fee increases would be required.However, this level of bait and switch breaks voter trust.  

You want at least 70%–80% accuracy on your skip trace data to have a solid connection rate and real conversations with sellers.Then there's your cold call game (or your VA's) — the ability to break the ice and not get hung up on immediately.

So if there is a party breaking noise ordinance call the police (generally use non-emergency number), our town will be on those infractions (Mainly it is a revenue source for them).

I was once told by a wise old man, before I was a landlord, he said son you not in the business to break records on rental rates but in the business to have the rent collected.

It is obviously convenient, but on those real estate investment funds you often are missing out on a lot of the upside of real estate investing such as tax breaks, possibly missing out on the appreciation side depending on how the deals are structured, and you generally have little to no control of the deal.

Doing a BRRRR the cash-flow as break even at 65% LTV with a strong appraisal.