I also invested in improvements: new roof, water heaters, other major appliances, and a kitchen renovation.Now, my situation has completely shifted.

Now I know better and my critical thinking skills improve too!

nice, we've been looking at making one of these in-house, seems like a challenge but if executed well should payoff quickly

.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

I think the emergency fund can be a challenge for somebody to put together especially starting out, but the sooner they have one the better. 

Consider properties with value-add potential to boost rents and improve cash flow.Good luck!

There might be Some exceptions such as you did a bunch of repairs/improvements which increased the value of your home .

Purchase price: $18,750 Cash invested: $15,000 Purchased old house frame on 1/2 acre, intending to improve it and sell it.

Specifically, I’m drawn to distressed properties, such as pre-foreclosures and foreclosures, because of their potential for strong returns and lower acquisition costs which I feel is a great combination for a new investor with my budget.That said, entering the U.S. market as a Canadian comes with its own set of challenges, and I want to make sure I’m approaching this the right way.

Remington, I own properties in Athens and while the data/statistics/analytics might look great - there are many challenges with actual operations.