., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.

I personally spend about 50K a year in masterminds and always get my money back just through network of individuals you get access to.

I do not personally use him based soley on the fact that the firm is virtual.

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?

Are you referring to personal losses or other people had losses?

@Micheal Singleton I have the perfect person you should connect with.

Personally I prefer homes around that median price because that's where the most demand will be not only for owner occupants but renters as well.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.