I am not very experienced (in the middle of my first deal flipping and eventually renting after I move out) but am currently looking for another deal so have been analyzing quite a bit.

I think west side is in the middle of its residential growth phase. 

AirBnB guests want "experiences", so I did my best to create an "experience", even though my house is 30 min away from the city (w/ no traffic)... in the middle of nowhere. 

I'm trying to help a friend navigate a creative loan to buy his current rental house and capture some 'free equity' while keeping the stability in his son's life that he has worked so hard for.Brief backstory:  I've known the guy since middle school, never really close friends, but we've stayed in touch through Facebook over the years. 

Our ultimate goal is to have around $1mil liquidity to be able to purchase our own land, build our own home, and still have a little bit of a buffer, while also having rental properties for our passive income.I know we could fairly quickly get to $1mil buy buying and selling but I wanted to know what you all thought about what a good roadmap might be regarding that (how many properties to buy and rent vs sell, etc).I have a friend who is very active in these forums who originally lived in Los Angeles and his first properties were basically in the ghetto of the middle of the US.Would a good route be to purchase apartments in the ghetto and be a slumlord for a while to launch our empire?

These type of items become part of the premises and are expected to have a serviceable life of several years ... as such they are capitalized.There is generally plenty of grey in the middle and that is where having an experienced accountant is beneficial.

I don't know if some PM's pay a referral fee, but it's not uncommon for an agent just to recommend someone and not try to get in the middle of it.

Our middle unit paid up their late fees + rent and paid last month right on time now since they understand now that paying rent is a priority.

So where I invest it's a little bit of a middle ground. 

I’m in the middle of a slow BRRRR with it now and have 4 out of 7 suites rented consisting of 3 hair salons and 1 mortgage broker.Each suite rents for $300 a month.I purchased the building for 24k with no money down at a local bank.ARV should be around 85k which will give me a nice down payment on the next purchase after the refinance.I said all of that to say this, every market is different, it’s possible...