Ive been interested in Real Estate for as long as I can remember, but always watched from the sidelines.I started to listed to BP podcasts religiously over the last few months and it completely changed my outlook on what I want from my life - for me and my family.A little background on me: I have worked in the consulting world for the last 10 years as an engineer and MBA.

Another (perhaps self-limiting) belief is that I don't have enough capital to finance any profitable/cash-flowing properties, especially in the San Diego area where you see 2 BR condos going for at least $500k.

First, it depends on your financial situation, your goals, your ages, your family situation, your obligations, your experiences and skills etc etc etc.Second, it depends on your personal preferences, beliefs and biases.

Despite popular belief, they didn’t sell the estate because they had to.

MC: either overspend on housing to get good public schools or send their kids to pricey private/religious schools.

Everyone has different beliefs about the virus of course.

My numbers show about $200 a month in cashflow (not ideal, but  willing to take it to get the experience and also my belief that it will appreciate).

It is my belief that Covid has increased the chance of a depreciation cycle. 

I'm sure you can get free advice from a CPA, but it is my belief that you only need to live in the home 2 years during the past 5 years to get 100% of the capital gains deducted and you don't even need to own the property for the entire 5 years.

I believe the general belief seems to be that you'll never collect on those debts anyway.I would like to hear some success stories of landlords who did get a judgment order against a tenant and were able to garnish wages, bank accounts or something else.