I create a budget every month based off my income including investing, savings, and necessities.

A W2 isn't a necessity for a conventional loan.

However, as your portfolio grows, outsourcing this task might become a necessity to ensure you're not overwhelmed.Don't hesitate to connect with local investor meetups and real estate groups in your area.

Just like previous comments had said.luggage storage in the garage - great ideadedicated full bathrooms for each bedroom - Great idea as well, but not a necessity as long as you have a jack and jill.semi glossy paint that cleans easier on stairs below chair rail - minor detaildedicated cleaning closet - either that or space in garage.  

It's an economic and political NECESSITY.

To the other newbie investors looking to get started and wondering how to do so, my foray into my first real estate purchase was out of necessity.

However, my other properties are larger and therefore need a full time team.  24 units seems to be in that zone where there is not enough work for a full time guy, yet by law and necessity, need someone there.

Your affirmation that I am on the right path and asking the right questions bolsters my confidence and fuels my enthusiasm to pursue this journey further.I wholeheartedly agree with your perspective on acquiring a real estate license, understanding that its necessity may vary based on individual aspirations within the realm of real estate investment.

I'm looking at data like job growth and migration.I'm going to continue this routine until the end of the year before I even consider doing a deal out of state (partially out of necessity as I have a few huge development deals out here that I'm finishing up).Once I hone in on a few pockets that look promising, I'll be flying out there to drive the area and get to know the region in real life.

We have kids so 3 beds are ALMOST a necessity for two boys who are 7 years apart.