You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

It was easy to do on the lot I did it on as it was subdivided in the 1980s and was grandfathered in under the rules for then.

Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

Quote from @Michael Smythe: @Tuan Tran don't fall for all the hype about S8 by so called online "gurus"!

:)We have a new listing on Airbnb.

Check with an SEC attorney to learn where this line is drawn.

Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.

It's great that you're focused on saving and educating yourself before diving into real estate.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Is there debt on the property or are you doing all cash?