Or, the opposite: avoid such and such investments because you pay a lot of taxes when they grow.

I am really leaning toward multi family units.If it matters I am in Central Michigan.ThanksShawn Realtor's license is not going to help if you plan on buying and selling properties yourself.

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

I avoid condos unless it is a quick flip.

The more you know, the easier it will be to spot a good deal and avoid overpaying.- Build a Strong Buyers List EarlyA solid buyers list is your safety net.

Don't hire an agent if youre trying to avoid agent costs.

Quote from @Ray Lai: @Jordan GrahamFor San Diego, central areas around Clairemont Mesa/ Serra Mesa / Kearny Mesa / Linda Vista.

Insane.Personally that kind of rule alone would make me avoid the area completely.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I've been eyeing land in Central and West Texas, and they occasionally have some interesting opportunities, but some of them seem too good to be true.