My question is, should I still be looking for this kind of deal that meets the rule (as a guideline) or should I buy to breakeven today so that “one-day” when equity gets paid down and rents go up I’ll eventually cashflow, OR should I wait until cashflow is better all together when it makes sense to buy?

I'm on bigger pockets in the hopes of finding leads, creating relationships with investors, agents, lenders, and all of the real estate pros of there, and to eventually create a foundation of passive income for financial independence.

I think that's a great way to go about your goals; by getting some experience through a few deals and then eventually getting involved into larger ventures like mobile home parks.

The lawyers went after the contractor's business and personal property, and eventually put enough heat for the contractor to repay without having to go to court - not only the money he walked off with but legal costs too.

Eventually I will, but for now I let the career be the resource to purchase more.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

All-in basis: ~$65,000Estimated retail value: ~$110,000Rented for ~$1,000/month for two yearsTenant eventually purchased at a price we were happy withProceeds were rolled into a better property via 1031 exchange Lessons learned?

In SF there’s a well-developed ecosystem of lenders and docs; once you cross the county line, lender appetite thins out quickly, which can mean higher rates, tighter terms, and fewer options for your eventual buyers.

But with our tax guy retiring this year, I'm thinking it's probably a good idea to bring one on eventually, someone that can advise more thoroughly on this and other issues as well as file taxes.I still wonder if filing seperately could eliminate some of the headache we have with his ex.

My goal is to eventually build a duplex, either in Grant or nearby areas.I'm currently grossing about $75,000 a year, but since I’ve only recently started both jobs, I don’t have a lot of capital saved up just yet.