Nice try, but no cigar.3rd warning: only paid stays count, and only full-price stays, not discounted favors for friends and family.

In fact, when it comes to contracts, if there is vagueness the contract is to be interpreted in favor of the party that DID NOT write the document.

Jersey City tends to fluctuate with rent control laws, right now they are more favorable for landlords then they have been in the past.   

Always be in front of the contract and prioritize where you're buying and entry price. lf all those are three in your favor, you have a lot of leeway with some of the normal but difficult parts of a fix & flop/hold.

And, with Trump we know that policy is lower taxes and a more favorable climate for business.

We’re likely in an environment of higher for longer interest rates so just be cautious of anyone saying they’re waiting for more favorable capital markets in the next 12 months.

It will allow you to make the best investment decisions, not necessarily the investment decisions that are necessary to cover the living expense portion of the W2 income you lost and this will be looked at favorably by lenders as well.

While it's true that many investors are drawn to the Midwest for favorable cap rates and the 1% rule, Las Vegas still holds potential, especially for short-term rentals like Airbnb due to its high tourism volume.

If you want to do people a favor you can get their offer(s) in writing and then when they try some bait and switch on you - report them to the state and national licensing boards.

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers.