The reason I mention this is that books like RDPD are the introductory step in a continuous upsell leading to the $40,000 worthless mentoring programs I just mentioned.In any case good luck whatever you decide.Don I wish I could vote for this post 10 times, very wise advice. 👍🏼 

You can be financially independent by the time you're 30 if you save and invest wisely in real estate.

s boat conflict-of-interest wise but that BP link is a great resource :)

[Wise investors, take note].Bob, you said: Ned got it backwards, So I said: YOU got it backwards!

There's lots of rough laws in city limits that are pushing out current investors and renters, so it would be wise to do all your homework on Seattle before you take anymore steps.The way to become a successful investor is to make sure the math works out on a property before buying.  

@James Wise Thank you sir!

Of the different answers to this question, I would most closely align with @James Wise.

I've heard commercial wise that the 75% factor is fairly customary.

You are wise to get your personal finances in order before buying a rental property.  

Of course, any RE investment can have a bad year, so you also need to account for the possibility that taxes, insurance, or mortgage payments may not be fully covered by rental income if you have a lot of vacancy due to repairs, low rental demand etc  - basically what is the worst case scenario cash-flow and expense wise?