It’s definitely a marathon, not a sprint, but with that mindset, you’ll crush it.And hey, reach out anytime—no need to wait till you have it all figured out!

We figure a reasonable profit when we bid a job, and don't have any surprises.

I’d reccomend figuring out value of your time and then thinking about much time it’ll take you from an operations perspective and divy out % that way.

Thank you for replying, 270k will be great, the thing is, I was told, doing a cash out right after the cash purchase, I can only take 75% from the 290k which is 217.5, so trying to figure out how to take the 270k without waiting 6 months.

Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)(2) cut out everything extra until you've put away 6 months reserves(3) live way below your means so you have extra money to save and investGood luck and congratulations!

Now we have 6 more properties (multi-families, vacation rentals and commercials) and have started to "figure it out."

As long as you have documentation to back up the figures on your 1040, you'll be fine.

Hi @Brandon HansenHere is a simple tip for youThis website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code.

I would start as a team buying a single family rental, figure out who does what and runs everything and get your systems in place before buying a larger property. 

Looking to structure the deal with concession's to come as little out of pocket as possible so I have different offers in mind, but the payment is between the ranges.I figure another 20% for Property Management, Vacancy, Maintenance which totals to $1,100.84/M-$1,146.14/M.