A very small proportion of the total available residential inventory trades each year because of the stable demand and influences above, which makes competition for the small inventory high and tendency for price competition on the upside regular.

Once your credit is stable and you begin to increase your income and savings THEN worry about real estate (or perhaps invest some money in index funds/stocks to begin as well).

The tenants are good and stable.

Houston might be cheaper than most cities in Cali but the market is tight so if something is just hanging out on the shelf is probably a sign.One great way to get a good feel of the property is to ask whoever selling that house to take a detailed video of the house and send it to you.

We define a good tenant as someone who: Has stable employment in a market segment that is very likely to be stable or improve over time.Pays all of the rent on scheduleIs credit based, not cash based.Takes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for multiple yearsWe also consider factors like rehab cost, rehab risk, accessibility to jobs, long term maintenance costs, time-to-rent, crime, age, construction, location, and average length of tenant stay in that area in that price range.

I'd also find a stable job to keep you afloat first and worry about the real estate after.

I would like to build great relationships online and offline via BP.Keeping my current career in banking, I have a goal to have a passive income for fianancial freedom and stable retirement.I have a question to our experienced investors.

If your current property is only cash flowing moderately well, then I'd say 1031 that $419k of value (you must maintain the same value in new props AND at least the same amount of equity) into a couple cash flow properties in more stable markets with lower entry prices.

It really helped me to make my financial situation more stable. 

Limited budget Lowes off the shelf