The purpose of real estate is to build a portfolio of assets that pay you each month, not cost you money each month.

When people buy too many properties too quickly, they end up with underperforming assets and more cap ex than they expected.

Live where you want and invest where the numbers make the most sense.The benefit of living in NYC is that you hopefully make a nice salary compared to others in the country.This gives you a competitive advantage when you want to buy properties in other parts of the country.If you are investing in NYC, you are not investing for the cash-flow but the potential appreciation.I used to live in NYC(now I am a digital nomad) and I decided to invest in Florida.

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

When Vintage IRA resigned as his IRA custodian and he did not move the assets to another IRA, this means that these assets are now his personal assets.

However, it does demand solid digital marketing expertise to see positive results.

How can I position myself as a valuable asset in such collaborations?

Check out The Ultimate Guide to Grading Cleveland Neighborhoods to get a better understanding of the neighborhoods and the different asset classes we have here in #TheLand.

if you qualify, using the VA for a small multi opens up more opportunities as an asset vs investing in SFR.  

Leverage is not an asset when rates are high. 3) No talk of cash reserves - what happens if you have an emergency?