I am currently saving up for a down payment for my first property which I plan to turn into an investment property (either a Duplex or Single Family Home/Condo and get room mates)I currently work in the Commercial construction field as a Mechanical Project Manager so I have a eye for observing how the typical MEP related things are built and designed and why.Since I have approx. 10+ years in construction experience it makes sense for me to leverage my work experience/wisdom and try to invest in distressed properties and renovate them myself or hire out contractors to do so.I am also trying to study and get my real estate license and possibly look into learning how to become a home inspector as well. 

Generally, the $250K capital gains exclusion can still apply to your original home as long as it remains your primary residence and you’ve lived there for at least two out of the last five years.

I'll have eyes on it soon 

👀Here in Denver Metro, 2 eye opening stats when comparing Condos to Single Family Homes.

I just had to take the delay and make sure it was fully complete before I released the last amount of money.

However, the property must generate a cash flow as a long-term rental.

It's been a while since my last update.

None of this is meant to say not to do short term rentals, you should have your eyes wide open when you purchase and know what's involved.

What minimum cash flow or ROI do you require to make a long-distance rental worth it?

PCE last week was 2.5%, so looks like inflation already under control.