Even a smaller property can help you offset other income.Keep your first deal simple with a single family or small multi unit that meets the 1% rule meaning monthly rent is about 1 percent of the purchase price and can be easily self managed or handled by a property manager.Think long term and buy where you can hold through cycles and where tax benefits and appreciation work together not just where the price looks low.

Focus on markets you know or can manage easily.

Hostaway offering a feature to create a direct booking site very easily.

Seems every new investor fails to understand the difference between Class A, B, C & D Neighborhoods/Properties/Tenants:(They all assume anything they buy will be Class A - and then are shocked when their performance expectations aren't met.So, yes you can easily find properties to BRRRR in the Midwest - but most of them will be Class C or D with tenants having credit scores under 600 => which have a 20% chance of nonperforming on their lease!

It's easily $85,000 smackers just to buy the property and you get 7% interest so your monthly payment on $320,000 principal is $2,129 plus taxes and insurance.

But if you don’t hurry you might it back under contract at $182k from another buyer who thought it got away, or one that thinks it’s easily worth $179k since you thought it was worth $182k. 

A BRRRR is very advanced strategy and can easily go sideways on you very quickly for your first deal.

Enlist the help of friends with other IP addresses to see if they can easily find your property using search criteria you expect your good prospects to use to find you.Hopefully someone who really knows your market will provide more input, but that's my 40K ft viewpoint.

You can't easily determine whom has paid and who hasn't.  

We have 9 different loans at 4 different banks and they all have great online portals that could easily be linked Quickbooks doesn't want to do it... anyone know something we don't?