If you have props with kids and you did not pass your led test you are playing with fire.

I wish it wasn't, but SEO is a long play.

I see pure hustle, 100% dedication, and power of partnership playing out here.I can't wait to read more success stories from you.Keep winning man.

You can create all kinds of leverage for yourself as a buyer if you play your cards right. 

You'll have to pay rent regardless, so you need to consider that you would already have that expense, along with the fact that you'll get the benefits of principal paydown and asset appreciation (especially by leveraging).Acquire the asset and perhaps focus on something you can add value to, then you'll have a 100-200K equity chunk to play with in a few years when the market accelerates again.

I'm definitely the "play it safe" type, which is why the buy-and-hold strategy appeals to me, and because this is all new to me I want to "start off slow", but I am open to hearing thoughts on other options I could consider as well.Put simply, if you were in my shoes, what would you do with that capital and now with one property under your name (if buy-and-hold is the most appealing strategy to you)?

It took my wife reading "rich dad poor dad" and start playing the cashflow board game for it to click with her and get her 100% on board.  

Engaging in a variable rate commission and not disclosing it (essentially making the playing field even so everyone knows the rules) is a violation of the NAR code of ethics, and in many states, a violation of the law. 

After that, you know the process and can actually make it worth your while to pursue collectable tenants for the money they owe you.The alternate option with the PM is to first threaten them with reporting to the Real Estate Commission and then if they don't play ball actually report them to the commission.

I mostly look at it as a long term play, but that somewhat depends upon the location in Nicaragua.