Quote from @Jamie Parker: Quote from @Luka Milicevic: Quote from @Jamie Parker: Everyone gave great advise, I would not use 70% when you start to get to the granular numbers.

Im now starting to doubt wether or not Cleveland is actually a good market to invest in?

I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.

Congrats on getting started!

And I understand that there is a person here on BP that started a meetup for St Joe, but I have not seen them posting it lately..

You can withdraw from your 401k starting in the year you turn 55 if you qualify.I am following a plan similar to yours.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

. - Prices are too high- Prices are falling- Interest rates are too high- My Cousins, Mothers, Sister told me that Real Estate is too riskyThere’s never a “perfect” time, but everyone wishes that they started sooner.

Also, if you are a minority, WRA has the Partnership for Success program, which helps pay for your start up costs.

Hi Drake,You are in the right space to get started, so congrats on taking the first step.