Thank you in advance For good credit self employed scenarios, I'd say about 70% of the time income is derived just from the most recent filed tax year, not the most recent two years.January is right around the corner.

Buying properties dirt cheap in my away markets and doing derivative uses to maximize cash flow is the way to go!  

It is DERIVED from the value, it doesn't determine the value.

If you are local you likely have an advantage and this can help you to find good deals5) People who haven’t been through a real estate cycle and are less risk averse than others that haveAt the end of the day it is impossible to time the market, I know this because I used to trade financial derivatives for a living, I spent my life on a trading floor and I have worked with numerous hedge funds.

A cap rate is meaningless if you don't understand how it was derived.

I make a much higher return trading options (derivatives on equities) than I do in real estate.

In your area, that may be as simple as paying a small court filing fee.Even if you own the fence 100%, there are locations that will force the other homeowner to pay for 50% of it since they derive benefit from it. 

There's a wide spectrum ranging from paper derivatives to partnership structures.

@Jason Taliaferro @Chris Tryling My derivative of “short term rental” is the rent by room strategy to working professionals like Chris does with the doctors and nurses.

Almost all will begin with some derivative of “it depends on your goals.”That said, while my path will be very different than yours because we begin in different situations, my GOAL is to own real estate (the dirt, not syndication investing) and for it to provide truly passive income.