I used to have one many years ago and it never got very hot.Include an oven...even studio apts like to cook a turkey once in a while....And I wouldn't have a washer without a dryer (if that's what you're thinking?)

It wasn't fun living an hour and a half from work and play, but absolutely worth it.If one is starting with relatively low living expenses, cash flow can be extremely powerful towards reaching financial freedom.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

Every task must be completed diligently and on time.If you wing it, you're gonna miss something, you're gonna mess something up.So, be proactive, stay organized, and keep your power team aligned to ensure a successful closing.

Leverage and invest at 40x $100 000 properties ($20k down + $5k closing cost, 30 yeas fix rate loan) with a return of 10% where you have better asset protection (my keeping lower equity and higher bank position), you are hedge against inflation (agree with me, in 30 years $1 000 000 purchasing power will be less compare than $1 000 000 today) Here is how looks mathematically:1. 10% on $1 000 000 (10x $100 000) = $100 000 / annually - No interest tax deduction- No loan paydown benefit2. 10% on 1 000 000 (40x $100 000) = $400 000 / annually - debt service + full tax benefits+ loan pay down+ hedge against inflation for 30 years+ better asset protection (by maintaining lower equity  position)   + (not guaranteed of course) if appreciation happens, it happens on the all full asset amount, example:If appreciate 10%:In case "1" you will have 10% on $1 000 000 = $1 100 000In case "2" you will have 10% on all 40x properties (40x $100 000 = 4 000 000) = $1 400 000As far as cash flow, as long you buy "right" CAP 8% and higher you will have stronger cash flow on leveraged asset + all additional benefits.

Leverage is one of the most powerful tools in real estate investing.

Knowledge is power. 

@Paul LucentiYour journey shows the power of learning from past experiences and refining your strategy.

Unfortunately, you have no power over the tenant until you own the property.

This is one of the most powerful statute combinations.