Remember that a broken hot water heater costs about the same to replace no mater what your rent is.

If you day-trade or read the tea leaves for hot stock tips or play the ponies or simply put your money in index funds, do any of these things occupy your interest like real estate?

This asset class is as hot as a Texas summer, and the numbers prove it.So, let's first look at the demand and occupancy.

.- Mountain views- Onsite fishing/waterfront- Game room/arcade- Wood burning fireplace- Access to pool/swimming- Hot tub- Outdoor firepitIf you have a great mountain view or are waterfront, you are definitely starting out on 2nd base.  

Just remember, while initial cash flow might be lower, Denver's still a hot spot for long-term appreciation, and its rental demand means you shouldn't have trouble finding tenants.

Westchester NY, who pays for (expenses) heat, hot water, electric, snow removal, salting, trash bin maintenance, plumbing stoppages, plumbing leaks, key changes, sweeping and cleaning, CCTV, rehabs after tenant moves out.  

Especially in extreme climates where it gets very cold or very hot seasonally.

Hi Dustin,     In my opinion, based on your big picture goal, It may be more effective to hold onto it until you meet the bank's eligibility criteria and then sell it while the market is still extremely hot with very low inventory (especially in Worcester!)

You’re able to learn the basics of a real estate investment with lower risk and build equity at the same time.If you're not interested in that you could invest in hot markets OOS.

The boat & RV is usually the first to go.But we are certainly in interesting times right now as RV's & Campers seem to be in hot demand with some places having a hard time keeping them in stock and on the lot if it's a good deal.