Where i come from that's like saying you never learned how to walk, or eat with a fork, it's basic necessary know-how for living.

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.

I’m still early in my investing journey, but one of my biggest concerns with out-of-state rentals has been inheriting someone else’s problem tenants, especially in lower-class areas where turnover and maintenance can eat into returns fast.I appreciate your tip about flipper-placed tenants — that’s something I honestly hadn’t considered but makes perfect sense.

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

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. 

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

If you are what you eat.... 

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.

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

HOA will eat your cash flow and if the HOA/board of members are ignorant or its being poorly managed the Reserve account may be in trouble or under 10% of the annual budget.