A lot of investors who succeed in EC know the tenant base very well and a lot of them self manage.

Those numbers are arbitrary unlike taxes and insurance and they vary based on age, condition, area, landscape, PM, and other things.

Just some notes to consider based on what your unit is like. 

Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant. 

At some point you may need to consider the following:- The website that's monetized based on clicks and advertising and page impressions says this is a super easy thing and everyone should do it.

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

Even if the “guru is financially successful, there’s a good chance his success is based on selling mentorship’s rather than investing profitably.  

Experiences will vary significantly based upon location.

Hey Nicholas, I’m an investor and realtor based in Indianapolis, and I’d love to help you explore opportunities here.

I wanted a truly hands-off, white-glove experience and, after extensive research, REI Nation seemed to be a reputable choice based on investor feedback.Fast forward to today—I now own multiple properties with them, and here’s my candid review.The GoodCrisis Management:My first property with REI Nation came just before the infamous three-year rollercoaster.