In your shoes, I would focus on areas that are Airbnb friendly and also focus on properties that cashflow as long term rentals.

Based on “substance over form” principles, it ruled that the IRA did not really own Roth Inc for two main reasons:• The IRA’ were exposed to no significant risk; and• An independent person in the IRA’s shoes could not realistically have expected a benefit.Since the IRA did not really “own” Roth Inc, the income really belonged to the taxpayer – and putting that money into the IRA resulted in a taxable “excess contribution”.More specifically, the court held that a $500 investment, absent any other significant risk, does not give rise to any real risk for the IRA.

I hope to be in your shoes one day as well.

The trainer didn't seem super interested, but still it made me think about the old saying:"When even shoe shine boys are giving stock tips, it is time to sell." - Joseph P KennedyIt is important to note that Joseph Kennedy profited from the stock market crash of 1929 by predicting it and this was how he knew it was coming.

And in a lot of cases, sellers tend to not even be able to produce those as its all shoe box accounting.

I know it's easy for the experienced to forget what it's like to be in the inexperienced shoes, but I need to start somewhere. 

You are buying the house worth i.e. 120k and you are getting a 60k credit for taking the land, so you pay 60k at closing.I recommend everyone interested in the sub100 markets to spend a day in the shoes of a property manager in that area before pulling the trigger.

., I was in your shoes a few years back, and considered a lot of those same markets.

Demand and rents for my b-class townhomes rose quickly as previous homeowners entered the rental pool and wanted nice enough vs really nice.

I plan to stop and smell the roses a bit more along the way with RE, I don't want to build myself into another 50+ hr/week job.