When someone like this gets a notice on their door, disappears, and then you renovate and rent the unit afterwards, the whole process really encourages the others to choose the right as you give them to see the right.

Either way - we welcome folks from that subreddit, and encourage folks on here to check it out as yet another source of valuable information. 

I would encourage you to find a way to purchase another investment before you leave College Station.

Love the encouragement!

As a fellow member of NCREIA (North Carolina Real Estate Investors Association), I strongly encourage you, as a new investor, to consider attending one of our monthly meetings.

As older generations pass down wealth, younger people may find themselves in a position to afford homes, counteracting some of the affordability issues caused by market conditions.There are definitely quite a few incentives encouraging home ownership.

Hey Brian,Thanks for the encouragement and advice!

.: Quote from @Dominic Rosato: I work in leasing/property management in NJ, and we encourage most of our landlords to require these two main criteria:1) Household annual income > 40x the monthly rent2) Credit score above 680In addition, we screen their credit report to verify there are no red flags (rental collections, high CC balances, etc.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

Offering current tenants a better rate for a year is a thoughtful approach that may encourage them to stay while still allowing you to increase your overall revenue.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.