Some charming gals ordered me to lower my rent by $165/month--more than I can do.An amusing detail: One guy toured the studio I'm renting, told me he couldn't afford the rent (he'd been misinformed about its amount), then came back later and applied saying he couldn't find anything in the area under $1,000/month (I'm asking $615 for this particular unit).

Make sure you are comfortable with the risk/reward tradeoff.I know people who make a lot of money doing this, but I've decided its not right for me.

Become an expert and you will be rewarded handsomely, don't let some nay sayer tell you it's over.  

As a long time resident of New York, owning real estate can be very daunting in today's marketplace.You are in the embryonic stage of your RE investment career, young and have the time, so saving is healthy and rewarding as well.

You are in a different social group from your tenants - act like it.Enjoy, it's an exciting and rewarding business!

You get the risk/reward of making improvements and raising rents, plus the upside of increasing value beyond the sale price. 

I don't strive to be buddies with all of my residents, but without the rewards of quality relationships I would have quit being a LL a long time ago.

How about just creating such awesome content that Google rewards you by making your searches come up first?

. - Welcome aboard the BP community.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

@Patrick SourinhoDon't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"