Hey Rocco, I like that you have this mindset at such a young age.

Goal is FI by around age 50. 2 boys (5yo and 7yo). 

What I remember so distinctly about acquiring the first rental is how there were a lot of documents and signatures, but no actual money at the closing.

Hey David, I would say this largely depends on how many units you have, the age of the building, and the quality of the building/neighborhood. 

Ok thank you I understand the distinction now.

From my POV.it really depends on asset class and tenant Class.. this is a huge distinction. my clients that I sold apartment complex to in Oregon with B class.. they pay 4% but then have to pay for on site manager as employee.. so 4% to manage the on site person so that person does not rip you off :).However for BP and I have to think the vast majority of the rental property investors on this site that have gone to  D C B out of state markets.. those props are not like a 600k rental in Denver and the tenant that comes with it.. or really any city with a A class tenant..

Age?

., Inspect Mechanical items, Water Heater Age, Roof, and Appliances. 

Previously , Hud's  aged inventory would manually review and accept bids significantly below this threshold -Price drops are not following any specific pattern based on days on market. 

In New York City, it’s the law to have window guards for an apartment if a child below the age of 10 is living there.Is taking out the window guard and screwing in the air conditioner in replacement of the window guards an option?