Real estate is very similar to exercise you need dedication, repetition, and a solid diet (education).

Your question is should you pay cash or get a mortgage.The investment calculators will say you will have a higher return on investment using as little of your own money as possible.Depending on your goals, like if you want to buy more rentals, this may be a wise strategy to put as little down as possible.However, if you are strictly looking to maximize your cashflow, having a paid off house is great.Honestly, I have a bit of both but like having the house paid off.

@Danny Van Warren is one of the most strict municipalities to work with in Metro Detroit. 

Be strict, because they generally send you what they want to sell, not what you want to buy.

My timeline for turning over vacancies is strictly four weeks, which is the maximum acceptable period between a tenant moving out and the arrival of a suitable new tenant.

And Jonathan Greene is right, don't stick to strictly real estate, diversify.

The underwriting is strict, and your experience level and ability to perform will be scrutinized.

Just strictly looking at this from an agent/owner perspective, that commission would need to be a lot higher.

Good call on looking into rental restrictions early — many condos have strict rules, which could limit your options if you plan to rent it out later.

They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.