However, budging for ongoing costs is vital for making the best investment decisions.Some real estate investors set aside 50% of their rental income for taxes, insurance, repairs, and maintenance costs.

Like I said knowledge is vital and paying for a weekend or a REIA membership or a REIA event is apart of your RE College tuition.Good luck, curt

Boom, you are now a real estate investor.Oh and definitely build a corporate web of at least 5 layers of shell companies before you even begin thinking about buying a property.  

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!

🎉This deal came with several benefits that we believe set it apart from traditional syndications:1.Low Leverage & Investor Protection: We’ve committed to a low-leverage strategy to protect our investors, which we believe adds an extra layer of security in today’s market.

Chattanooga is a small enough market that you might just be able to stay in the know with "Chattanooga" as your keyword, but you might consider also layering in some nuance for "single family" or "small multifamily".

Zillow is very common but beware that a lot of these sights don't give you vital information and only give you a "Renter Score", not an exact credit score or other vital info.

One more layer?

This structure also provides an added layer of protection for your personal assets in case something happens with the property or other business liabilities.Estate Planning: By having the property under your LLC, it can simplify the process for your heirs and ensure that your real estate assets are managed in line with your wishes.

Additional units will add a HUGE layer of risk that will be accounted for during underwriting with this scenario as you are very clearly purchasing the home in WA with the intention of renting it out for cash flow (that's not a primary residence, but an investment).Personally, I would advise you to do this as a second home transaction, as the second home scenario makes a lot more sense to me from an underwriting/guideline perspective.