As of now, I'm about to get a job to begin to split money for a car and later on (hopefully before 18) my first investment, a rental property.

If you have a tiny car, they don't!

Consider a car lease, at the end of the term you can purchase the car at the agreed price or turn it back. @ Joe Villeneuve says you have two separate contracts.

I was a senior in college studying business management, evaluating my personal financial situation, and determined to be a wise steward of my first paycheck after I graduated, knowing I’d be climbing my way out of about $20,000 of student debt and several grand in auto loans.WhIle searchIng for somethIng productIve to lIsten to on a jog I found the bIggerpockets podcast.Ive learned more from BP than I ever dId In college.Despite math, my wife and I made the personal choice that we’d pay off our student and car loans before we got started.Fast forward three years later we paid everything off and saved $20,000.

Like Mihir its a decent area......i have an acquaintance that owns a body shop just south of that area......thats the only time i would go down there...... im a car guy.......and that area and south of it has a lot of body shops and machine/speed shops like automotion, RPM, quinlan....etc

That’s like saying a car is a car when buying a Chevy versus a Mercedes.  

A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?

Picture of the car preaty well says it all....nut job.

If you truly want mailbox money, it is important to make sure you have the right people in the right seats of the car, so to speak.

NAR/CAR ethics stipulate 'Seller is Agent' disclosure in writing on the MLS etc at time of listing because even if Seller is not the Listing Agent, licensed seller/owner may expect and/or receive compensation (ie, gift, referral fee, portion of listing agent's compensation, etc).Thus licensed seller is inherently not strictly limited to being a principal in the transaction, so would have had to disclose seller is licensed agent.