Quote from @Jinxiang Xu: New to being a landlord, and already forked out $20k for foundation repair on this rental house.

If you have any questions or concerns feel free to reach out at anytime!

Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).

Or will I miss out on writing off some of the expenses?

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

I’m at the very beginning of my REI journey and I would love some guidance on how I can best optimize my planning, research and saving phase (which I’m dedicating 2025 to).

Now, after doing this several times my success rate is around 1 out 5.   

I did this my first time.Someone says something in a post that they didn't mean, or later found out wasn't true or factual, etc......among others.

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

What does this mean?