The advice is very basic.

Once you factor in typical reserves (5-8% vacancy, 5% maintenance, 5% cap-ex), you're basically breaking even or slightly negative cash flow.The real question is what's the $187k going to do for you?

I kind of figured if I was doing the legwork in my own backyard for somebody else that they could start teaching me the basics.

A lot of people are sidelined not because they don’t see opportunity, but because their credit, cash flow, or confidence is slipping in real time.That leaves a smaller field.And smaller fields are where decisive operators rule the roost.Now is the time to get weird.Change asset classes.Restructure portfolios.Build for where things are going, not where they’ve been.Inventory is sitting right around 3,013 active listings—basically hanging out at that number.

I prepared some popcorn, just in case.We start with basics and then proceed deeper into the woods.1.

Learning Arizona landlord-tenant laws early and getting comfortable with basic organization and accounting will put you ahead of most people your age.You don’t need to have everything figured out right away.

I just read a book that had a great concept, the subtle art of not giving a F***, and it describes that the people are successful in the business are the ones that are excited about the process and the rest comes with that passion.

With the right planning, there can be ways to maximize tax advantages beyond the basic “passive losses only offset passive income” framework, depending on your situation and qualifications.Hope that helps—Indy can be a great learning market if you approach it carefully.

There are plenty of experienced investors here who are happy to talk things through.If you want, feel free to DM me with the basics of your situation.

I wish I had gotten into real estate during my pharmacy school years but instead waited until after I started working which basically meant I started investing in real estate in my 30s instead of my 20s.