This would be for residential but if there could be an OA that would inclusive for both, I’d be interested in that as well

This isn't inclusive but should give you a good start.

This isn't inclusive but should give you a good start.

This isn't inclusive but should give you a good start.

I'm too inexperienced to have a solid grasp of what I'm getting into regardless of the property being invested in such as land, SFH, MFH, etc.Of course I understand that there will be challenges and hiccups in any investment, especially a first time investment (that I am all inclusive of), but I would like to mitigate those risks.If I found what I believed to be a good deal on a much larger property, I might consider it against a smaller investment.

This isn't inclusive but should give you a good start.

This isn't inclusive but should give you a good start.

I also loved that real estate is such a diverse and inclusive space for anyone to succeed!

This isn't inclusive but should give you a good start.

Just make sure to include absolutely every expense - capex, vacancy, repairs, groundskeeping, any utilities you pay, your own time if you self-manage, license or registration fees you pay, any debt on it inclusive of the HELOC, etc.And, calculate both your cash on cash return (net income divided by the cash you paid to get in the deal) and your return on equity (net income divided by the equity in the property, which you said has increased.)David Greene just covered return on equity in depth in one of the recent podcasts if you haven't checked it out yet.Hope this helps.