Hi Tahreak, You have to be just as careful purchasing new builds, many of the homebuilders I noticed sometimes cut corners and you might have more maintenance related costs than expected.

I've audited  in 2000 something (unrelated to real estate) and the irs guy understands the situation, so they just cut the penalty by half.sometimes we worry too much, as long as it's documented, go ahead!

They might cut corners on essential structural or system repairs, leading to hidden issues that can be costly to fix later.2.

To cut to the chase, the number of days a rental property on the market may not necessarily signal a market-wide demand problem.

The whole neighborhood is on edge with some neighbors wanting to sell their house and leave the area because of it. 

I’m taking a big (but temporary) pay cut in my move to SC (please withhold your judgment - it was a very carefully made decision).

With the market turning, they have cut headcount by something like 50% last I saw. 

You learn a lot and can cut out costs and save more for cash flow.

Whatever you can do to increase your savings or increase your income: cut out unnecessary expenses, work a side job, put money into a HYSA as opposed to a regular savings account earning 0.1% interest.

I just worked with an investor who had $5M in cash (he sold his tree-cutting business) and I was able to get him into 11 properties in AL and FL.