Find out what that VA restoration will really cost youSecond, you are making a rookie mistake, one that the gurus play on to make you spend money for almost always useless sessions.

As it is, there are more households forming than there are new construction starts coming online. 

It's similar to the whole "Short Term Rental" structure in that not only do we have to acquire the property but then we have to spend extra money to get it up to speed.  

[Source: National Association of Home Builders]Demand: The chart below illustrates the steady increase in household formation, a key driver of housing demand.

Depending on the investment and your current knowledge, this can take from 2 to 20 hours of research.2, Spend $400 - $600 for 2 hours consultation with an attorney who specializes in real estate IN THE STATE that the underlying property is located in.3.

If you are literally just starting then spend some time researching the pros and cons of each, but don’t overthink it.

(Looking to spend 130 or less)Just looking for advice, this would be my first property and I'd like to get cash flow while being in a non crime filled area, and being able to count on at least some future appreciation. 

MTR is less spend on furniture, less guests, and at that price point for a buy, will likely make more money and have less upkeep and management.

My guess is that most have not learned and will spend the money over paying down debt.  

Hey BiggerPockets Family,I’m thrilled to finally be joining this amazing community after spending some time exploring the forums and listening to the podcasts.