This is a follow up to my previous post about learning to invest in real estate.
Thanks everyone for their comments. I am particularly interested in areas which I can either start earning right away as short term or long term rentals - Miami area or Bay area sounds like a good option for me. Reno was suggested a lot but I am not sure if people go for AirBnBs there a lot and the long term rental scene does not look good there.
My main goal is to ensure that I generate a monthly net profit of 2000$ within 6 months. Does that sound like a reasonable goal?
Ideally I would like to purchase a apartment condo (1000 sq foot) in the Mountain View Sunnyvale area and pay additional money instead of paying rent and building zero asset. The plan is to put it up for rent for ~3000$ which is lower than other places in the area. I am mostly confident of getting tenants within 3 months because of the area. From what I read this is not a good choice investment wise since the prices are really high (~700K).
