Closing costs and necessity to start paying the loan back right away without having an immediate use for it.

If it wasn't a calc error, is meeting the cap rate an absolute necessity before going for a deal?

I chose one of the lowest-risk ways, to turn myself from a teacher and a reasonably good handyman-by-necessity into a good renovation handyman, an expert on my target area, and a capable low-income landlord.

You'd be better off looking for private lenders if those are hard and fast necessities for you

This house was purchased right before the collapse in 2008 as my primary residence and I converted it to a rental out of necessity.

You must decide how your time is best spent, how you can employ others time in trade for something of value that your offer.The world is real estate, there's no other field where you can start with such a low barrier to entry, that also is a complete necessity to the human species and with such profits as can be made.

If you're creative, there are so many options out there. 2) The necessity of building relationships.

Necessity forced me to find a property management company and switch my insurance policy.And somehow I think I’ve answered the question that I haven’t even asked yet.

Low income housing is an area of great necessity, and increasingly so.

This was our first encounter with Section 8...so, we had to learn the hard way.Personally, we do not prefer to deal with the Section 8 process - it is a bit annoying and cumbersome, and NOT a necessity as there are plenty of valid rental candidates in the market able to cover the rent themselves.I know that is a small 'lesson learned'  but if you are totally new to it like we were, maybe it's worth the read!