It offers a larger financial cushion and more favorable loan terms.Proximity: Investing near where you live vastly mitigates risk, as you can self-manage the property more easily.Since you have a rent-stabilized unit and some flexibility, subletting is an option that would allow you test different cities, although it comes with strict legal caveats:The "No Profit" Rule: In NYC, you cannot legally sublet a rent-stabilized unit for more than the legal rent.

I’ve always leaned toward the Dave Ramsey approach, but the more I read, the more conflicting strategies I come across, and it’s getting hard to determine what path makes the most sense long term.I’ve started exploring BiggerPockets tools as well, but I’m not finding much data specific to my area (Memphis, TN), which makes it harder to understand the local market.

A testament that numbers, and the effective use of cash flow analysis data, must be used to support optimal performances.

I can tell by this if it's the specific location or design/layout or condition that's driving demand.I can then take what I learn through that reconnaissance and pair it with the data sets available online to form a more informed view of the neighborhood’s trajectory.

This will rarely change, but you need to tell AI how to think like you by telling it what you would be looking for when reviewing your data. b) a data injection prompt (uploading your report exports from Stessa/RentRedi) c) comparison prompt (feed prior year outputs into the model for YOY analysis.Each section that you listed should have its own prompt template so that results stay clear, errors don't contaminate the project, you can improve each module independently and rerun only the sections that you care about.

Apps like Quizlet can be a handy tool for this.Practice Exams: Take as many practice tests as you can.

A $150K note loses 25% yield to servicing.Why buyers bailed:Sub-$250K notes don't pencilCompliance + RESPA headachesDSCR rentals yield 12%+Tax treatment kills reinvestmentActive buyers pivoting:Partial participation (lower costs)Servicing-included dealsCommercial paper (higher coupons)Market data: Buyer pools down 60%.

Unless you are creating your own LLM with specific data relying on the public data provides poor results.

If you go the cold call / sms route, pull data from PropStream or Propwire (free option) and focus on motivated sellers - high equity, absentee owners, pre-foreclosure.

These platforms should also NOT replace the income-generating and lead-generating practices of calls, emails, doorknocking, open houses, follow-up, etc.Instead, you should use these platforms to: document your day-to-day as an agent; feature deals/properties that you/your clients are looking at; share relevant RE or market data; etc.All the best to you as you continue your course & head towards the exam, licensure, etc.Abel