Construction is mainly CMU, Concrete, and Steel (at least for my projects), and there is a bottle neck of those resources as only few supply the area.

Insurance is just an expense to factor into your underwriting just like property taxes.

And that is the main thing; I want to start REI early and build up a decent portfolio of cashflowing properties by the time I'm 30.

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.

Use a 20% vacancy/tenant nonperformance factor in your analysis.

@Jill KellerI personally owned and managed several rental properties, mainly one family, 3-families and been advised by a number of attorneys through the years to forget doing LLC's.

That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

All important factors to consider- population growth or decline, job growth or decline, inventory rate and movement- is is a seller's market getting stronger or softer or a buyer's market getting stronger or softer?

Here are the 14 main highlights:"Just some analyst's thinking cap predictions.

Maintenance costs are a huge factor in the profitability, or not of any investment property.