I made a great connection with that property owner and proved the concept since he was unfamiliar and hadn't even heard of rental arbitrage.

Im even referring their properties to my friends and I look like a fool referring people who then see a scathing post from me.PLEASE remove the post. 

Even when I was younger, I understood that it could be a great way to achieve financial freedom, retire early, and live without the stress of money constantly hanging over my head.

I believe in putting in the work—1,000 hours of research, testing, and learning—before offering advice, and I’m excited to tap into the collective wisdom of this community to refine my approach.Here’s where my head is at: I’m considering strategies like short-term rentals (Airbnb) for higher cash flow, long-term rentals for steady income, or even creative options like house hacking or partnerships to stretch the funds further.

We will also stick by you throughout your real estate investing journey, even after closing.

The intricacies tax planning with a rental are worth hiring a professional, even if you just do it once for an overview. 

Most of our Members are baffled, typically saying: "How could they allow one of THEIR Tenants to be even ONE month behind?"

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Even more exciting, the total new-home sales for 2024 came in at an estimated 683,000.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.