What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.

All the power to you!

I have spent the last few years reading many books on real estate, taking real estate courses, researching, saving as much as I could, investing (to increase my purchase power) and finally feel I can begin my real estate journey this year. 

I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

and where you could start with a house hack... which is the best and most powerful way to get started.now, should you buy a random, 'cheap' (supposedly) property in some random market you may never live in or have any connection to, before you're settled, just to own an investment property? 

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

As many of you can probably relate, this book opened my eyes to the power of the dollar, and it got me interested in real-estate.

In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.

In my experience, tenants that remain in place for 5+ years are almost always behind market rates.