Quote from @Austin Johnson: The TK method has been working well for me & I love having the property management in house.

Hey @Maya Jones - I think your screening process dictates the quality of tenants more than seasonal vacancies.

I can't construct a more dangerous method of "buying" properties.

I'm not saying to max out leverage, and your debt to income ratio is going to determine what you can borrow, but a 5% down owner occupied loan on a higher quality asset that you have your eyes on at all times is the better long term investment. 

It dives into the BRRRR method, which is all about using your capital efficiently to build wealth.

Thank you for sharing that POV. but that is not a good option for me as I travel a lot and It will significantly decrease the quality of my life to live the burbs of texas.

Spend quality time with the people in your network, really get to know them as a person, outside of business first.

From my perspective, smaller, locally owned management companies often deliver better results, especially in terms of responsiveness, pricing strategy and tenant quality.

For the last 5 years, my units have been 100% occupied with high-quality professionals until now i'm repainting all unit and selling the building .My Strategy & Key Takeaways:Target Demographic: Being only 10 minutes from the Illinois Medical District (Rush, Mount Sinai, Stroger/Taylor), I focused heavily on traveling medical professionals and nurses.Quality is King: I didn't go the "cheap" route.

Second - once you have gotten your bearings financially and you have started developing the discipline to methodically improving your financially situation every month, you are now at a place to start investing.