One key takeaway from this deal was the importance of sticking to a strict renovation budget to maximize returns.

In terms of maximizing your returns you want to compare the interest to an alternative.

I started my career working for Marriott in New York and Toronto, specializing in dynamic pricing and maximizing revenue.

For real estate just start analyzing as many deals as you can so you get more comfortable and confident.

Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.

Maximize Tax DeductionsReal estate offers some of the most lucrative tax deductions in the investment world.

Quote from @Paul Novak: Quote from @Don Konipol: @paul @Paul Novak First congratulations on finding and sticking to what’s successful and comfortable for you.You can always ACCELERATE wealth creation; the question is do you want to take on more risk and or dwell outside your comfort zone in order to accelerate? 

The discrepancy between the monthly payment with 20% down and the monthly rents was mind boggling for me.Let me know what you would do to maximize wealth under these circumstances.