Stay thirsty my friend, that's all I can say.

I ultimately want to buy something and live in it, and I want to stay in LA, so while being a good investment on its own merits is important, what seems to matter most is that it be better than renting.I'm sure that this has been asked/answered elsewhere on the site so I'll be digging in to see what I can find, but it's the most burning question on my mind the last few days, so I figured I'd package it in with my introduction as well.Cheers, and looking forward to getting to know many of you over the coming weeks/months!

I would check out the HOA and make sure there are no issues but if you get 3 Condo's for 120k update them and bump up the rent a bit I would say its a winner.

Even when I do get my brokers license, I will likely stay put.Find the right broker!

Thanks, I'm not sure if I am going to stay in the North Country of New York for more than a year.

Just stay on it, and get the snowball rolling.Best of luck, And please keep us updated on this thread, I want to see how this turns out for you!

My advise.... stay focused, save some money, and INVEST in real estate - long term buy and hold is the path to real wealth - take your time and set your goals on buying your first rental property - as an owner occupant if possible.good luck

Stay cool,  tis the muggy season. 

(First time home buyer) after months of settling in and updating the rental apt, we just put a tenant in the second unit this month. (10 months between purchase and rent income) we are getting $1300 per month for the 1 bedroom.

Before anybody suggests "house hacking" in a multi-family, I've been searching for that elusive unicorn in Brooklyn and Queens for the better part of a year, but I've concluded that multi families are way too expensive in neighborhoods I'd want to live in (I have a stay at home wife and two young children).