Location can make a big difference - that $250 target might be fantastic in a pricier area, but unrealistic in another market.

Syracuse is a fantastic market, but it's being heavily impacted by the coming of Micron and suddenly increasing property values.

Even though you don't probably smell it (again, I never did when I smoked), your clothes stink, your fingers stink, your breath stinks.

That's what it comes down to, for me the home is on a permanent foundation and the comps around it are fantastic.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

This area has a fantastic vibe, and you can find villas ranging from 400k to 1.5M.3.

It's fantastic that you're researching and thinking through a number of things before putting in an offer.

Hi Clarence, It's fantastic that you're already planning your real estate investing journey while still in college!

@J Scott Hi J Scott, fantastic discussion here.

When it comes to basic necessities such as food and clothing, groceries are around 6% less in Jackson, TN than in the rest of the country, while clothing costs around 6% less.