I'm surprised that some vehicle manslaughter charges only have around 2 years.

We recently purchased our first property (closing soon) and plan to use this as a learning vehicle (already learning a great deal, but nothing better than on the job training).

While on deployment back in 2010 I discovered Robert Kiyosaki's "Rich Dad Poor Dad" and like many I believe, was very intrigued with the thought of using vehicles like real estate to someday reach financial freedom.

Yes it's very nice.I started to have a head ache...I wonder if they are legal residents...It's not a war zone area, probably very nice people who work hard, some of the residents do not have vehicles, but the building is only 3 blocks from a major road with public transportation.The numbers do work.But I doubt I can raise rent without upsetting the dynamics of that group.I also don't think these tenants found this place online, it's word of mouth.Something doesn't feel right.

However, you would also have G&A mileage such as driving to your PO BOX, driving for dollars, driving to houses when putting in an offer etc.The larger companies also will most likely be using the direct vehicle expense rules which allows them to directly expense or depreciate all vehicle expenses (if they are 100% company use).

I still love real estate for its other benefits (depreciation, appreciation, etc) but if you have the cash and you want income, private lending is the right vehicle to do so.

I saw some flooring on sale that I wanted, but had the wrong vehicle.

Just an update on this house.I went and looked at the house yesterday and had my agent give me real numbers $110k ARV, $950-$1100 rentShort version: I gently offered $70k, they declined and said they would hang on to it and keep trying.My evaluation:Seems like a nice neighborhood alot of older people, and decent incomes (assuming based of the vehicles in the driveways and landscaping)First thing I noticed as I pulled up was the house was an ugly color and inconveniently narrow driveway lolThe inside was actually very nice the kitchen was all new, (everything was cheap materials i.e. vinyl "tile" floor, formica countertops, nice big cabinets but no hardware) But the original hardwood throughout the rest of the house was very nice, bathroom looked new but again cheaper materials.

It seems that real estate is the best vehicle to accomplish that goal.

It is a great vehicle for real estate investors.