As a six figure earner, I am seeking advice and insights from experienced real estate investors on strategies and best practices that were valuable when starting out!

This is a little last minute but I see you're in BCS.

If you said, "car", you're right.In most states a car can be repossessed faster than a tenant can be evicted - and the tenants know this!

The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

Quote from @Alvin Sylvain: This could be a good idea if executed properly.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

This seems unrealistically low for a 40 unit property.

What is your source for 99% of transactions are above 2%?

1) I think it’s “funny” that not one news article I ever read for the last 5 years had headlines like “Housing at historical record lows!

View report*This link comes directly from our calculators, based on information input by the member who posted.