Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

I have a friend/neighbor that wants to sell me his house below market value so he can move back into an apartment and travel.

Hey All, I'll be traveling to Costa Rica for a wedding and wanted to explore the market while I'm visiting.

This is such an easy way to stand out against the competition in your market.

Alas, this scenario didn't last very long, as you would expect in a free market capitalist society -- new money flood in, more STRs in supply, property prices increase, STR incomes decrease, until a new equilibrium is achieved.Nowadays, the word STR is being used to describe both the property and the business.

I have a lot of good information on the KC multifamily market that I can send you. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Quote from @Lee Banks: Hi my name is Lee I'm looking too buy my first rental property and but I feel as if I need a mentor to watch, I still need to learn the basics of real-estate does anyone in New York do programs or mentorships and where would you start if you first started real-estate today  Hello Lee,I'd recommend looking up local meetups here on BP, meetup.com and, eventbrite.You can also call around to speak with RE investors and professionals in your target market to begin making connections.With so much available information online, I'd recommend speaking to a few people and doing independent research before committing to mentorships.

The marketing class will help you keep your STRs and LTRs leased.

If you like where you live, I would explore investing in a cheaper out-of-state market.