We use the parking spot, watch the sunset, eat at the beach.

But it better be stable.Because otherwise if I don't have any income, I won't be able to keep my house, car and eat for long after the money I make from selling the properties runs out.

Don't eat out, give hand made gifts, get side work, learn home improvement skills.1st investment; buy a househack, find the ugliest house/duplex etc.

Once you factor ~6% agent fees plus holding/closing costs, that “profit” window can shrink fast — you could easily eat up $20k+ right there.Couple things to think through before pulling the trigger:Run a detailed cost sheet.

The unit breakdown is 1 on the first, 2 on the second, 1 on the third.If I run 4 supplies and one central return it might start eating into a lot of unit space. 

Always pad your rehab/reserve budget.Tenant risk / turnover / vacancy - Section 8 helps with consistent partial rent payments, but there can be delays or administrative hassle.Inspection / compliance - Section 8 properties often have more inspections and requirements; failing those can lead to rent being withheld or fines.Cash flow margin pressure - because you’re leveraging your home equity, higher mortgage or financing costs might eat into your margin early.3.

They'll go over so budget for it, but if they go too far over ,then holding costs will completely eat your budget.

The issues with hiring a GC with fixed costs and financing 90% of the deal is 1) significantly eats into profits, and 2) if a GC is not invested in the deal then they don't care if they go over costs or stick to their budget.

That shows how much your NOI can drop before you're going to start eating the costs yourself.

I felt as if my money was eating chips on the couch when I looked at the building.