"Flushable" wipes don't break down and are a huge source of aggravation for sewer system workers.

But break even on a quality asset in the best neighborhoods in a given MSA is not a bad thing I opine that its what OOS investors should be shooting for. 

So purchasing a traditional turnkey property in NJ you may be at a break even day 1 but year over year with significant rental demand and increases in rent a break even property has potential of turning into a cash cow.

this story has been the same for the 25 years I have been working there.. very tough to do this without living there and self managing. the nicer areas like Madison county Rankin by the resivour etc work fine but they dont cash flow need like half down to just break even.

,Whether buying a short-term rental (STR) that doesn’t break even makes sense depends on your goals and financial situation.

Check out the books on this platform - I recommend books written by David Greene, he breaks down all the strategies very clearly.You might be in a great position to house hack, and you might have to get creative with how you do it.

Not like they are at 1400 a month and market is 1600 a month like rents are 1400 a month value added and now rents are 2k+ then i would just try to find a deal the breaks even.

The first few properties make it or break it for many investors. 

Here’s how I’d break it down for you:- Leveraging Equity: Since your property is worth ~$260K and you only owe $30K, you’ve got plenty of equity.

i'm an 18 year old kid who wants to break out into a few parts of real estate investing, wholesaling as well as flipping and even house hacking, i know the basics of the buisness but i would love to get some knowledge from experts of the field, im continuously trying to learn more about it, thank you