No loss on any investments. 

One hurricane, one downturn, one localized series of job losses, and the house of cards falls. 

I've wanted to get into real estate for a long time but typically moving into that realm in a w2 position means a decent pay cut and probable loss of all the other good stuff.

RE Pro Status supercharges this.If you or your spouse are an RE Pro, your LP investments can lead to depreciation offsetting both passive and active income.If you are not an RE Pro, the losses due to depreciation can only be used to offset passive income—such as income from other rental properties or other passive investments.

If you have any questions on this you might contact a few local realtors to ask about annual appreciation over the past few years.)If after considering all these things you still feel the property will be a loss you should look for a different property.

It doesn't make sense to hire an attorney for $1,500 when I can do it for $300 and make the tenant pay the costs (or eat the loss).It's also important to understand the PM process.

After around 2 years of payments we sold the loan and went from a loss to a very nice gain. 

Flint, Michigan)  That could include crime, job losses, etc.

Common question - "DSCR Loans" are going to have DSCR be calculated as Rent/PITIA (no prop mgmt fees, vacancy/credit loss or any other expenses counted).  

So here is the first thing that doesn't make sense:How can anyone try to convince you that the foreclosure list, absentee owners list, job loss list, water shut-off list, tax lien list, and probate list are "good lists" when 999 people out of 1000 on your list are not motivated to sell?