Unless rent growth outpaces inflation, you will either have to continuously reduce your standard of living or get a job.

Remember that the basis will be lower as a result of 1031 and further reduced by cost segregation.4.

Real estate can be an amazing tool for reducing taxes.

A conventional loan with 5% down may offer a balance of reduced PMI and attractive rates for Northern NJ home buyers with strong credit scores.

reduces net income to roughly the same as a lifetime annuity.3. 

Is it risky , yes, is it profitable, it can be very profitable, but learn how to reduce your risk.

It's pretty one sided.During their "inspection period" they will list everything wrong with the property, "real or imagined" and try to get you to reduce your price.

@Orane JacobsHouse hacking is a strategy that can reduce living expenses and generate rental income, potentially enabling investment in more properties.

You can do first-time home buyer programs that will reduce the amount of money down, or you can take some money out of that property your dad left you to make the numbers for an investment work for you.

Regarding the mortgage terms, you could either get a flexible loan (not very common) or a 5 year fixed mortgage to reduce the penalty (Vorfälligkeitsentschädigung) when selling the property before the loan ends.