My goals involve building long-term wealth through buying and holding rental properties, however, my largest barrier to entry is obtaining down payment a such a hot market.Since graduating in 2016, I have been working as a digital marketing consultant and paying $850/mo in rent living with 3 others.

House #5: On August 8th I got an offer accepted on a house in Towson, MD which is where the second largest college in Maryland is located and pretty expensive area.The home needs updating which is why I really wanted it, the comps in the area when it is updated are around $475,000 – 525,000.

I also have found that my largest gaps are in finding a deal, estimating repair costs, and estimating expenses.

These are 2 distinct classifications and are treated differently in the eyes of the law.

I won't go into all the details here but my point is to highlight a bit more what's happening in the industry and ensure folks know its a team sport, that there are clear distinctions between an operator / sponsor and sometimes they are one and the same, and that the person who may be raising capital should both practically and legally have a broad based role in the GP partnership. 

The largest challenge with a boutique hotel, or any industry for that manner is staying on top of your game.

Heartland cities tend either to be slow, steady climbers, or stagnant for quite a while.Markets definitely have their own distinct cycles but they tend to not fall too far off of the macroeconomic cycles of the US real estate market.

The Baltimore REIA is one of the largest in the country.Best of luckStephanie

@Merritt EatonThis is a “no-maintenance” townhouse (1 of 3 in a group of 2. (6 total) on the largest lake in the Mpls/Saint Paul area. 

They can go over your report and tell you what to do that will make the largest impact.