This is a 7 year old thread that you just brought back to life.

here’s a real life example using your buy pointproperty bought $300KLand value $37k, leaving $263k as building value (land can not be depreciated)Having a cost segregation done, you can accelerate depreciation.

I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most  families decide to move to the suburbs when they have school aged children.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

In today's day and age of social media, the Internet and super catchy reels and videos, attracting your attention to higher returns, promising life changing strategies and tips on how to quit your 9 to 5 job; A lot of people really neglect what real Real Estate investing is all about. 

- and finally once you do this, realize it will never even be close to how it actually plays out in real life, but it can serve as a guide for what sort of money you may need to save up to try and actually accomplish something like this.

When you add books + podcast, your time in the forums here learning, AND in-person networking and relationship-building with real-life real estate investors, you will gain more confidence in the reality and soon be in the starting lineup.

Realtors are the same percentagewise as any other profession, whether it be doctors, lawyers, contractors, you name it. 10% are garbage80% are average10% are pros If you can find the last 10%, go with a Realtor and make your life easier. 

There are numerous ways it could go awry.

I'm out here taking risks and learning HARD life lessons!