I ran the numbers and looks like a good deal (7% cap rate, 5% ROI, and ROI will improve as the years go by).

Prioritize your financial stability.

You can add different ways to reach out to improve your conversion for owners you are hitting or you can increase the amount you are sending. 

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

(i.e. a college student with a huge passion for real estate and financial freedom)

Maintaining a financial track record for your project is facilitated by effective budgeting.3.

I was working as a financial advisor for Merrill Lynch.

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

Where comps come in to to compare "cap Rates"  (a measure of financial performance) of recent sales.