I guess the idea is to use the equity from one property to purchase the second property, and so on.

Are there any other SPB STR investors out there that can tell me how imoortant it is to be on/near the water?

My goal is to be able to get on a facetime/zoom call with them and go over all my offers on properties. 

One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Quote from @Nicolas Tow: I recently purchased a 3,125 square foot empty lot in the 27th ward area of Humboldt Park Chicago and I was wondering how difficult it is to re zone from RS-3 to RS3.5 or RT 4.

@Steven Nguyen            Your first step is to liquidate some of your Crypto so you have liquid funds to contribute to the deal.

No way is this a scheme to keep EM for the seller..Anytime I have had EMD disputes it usually gets solved with a 50 50 split since I know what will happen.. what happens is exactly as you describe.. money is to small to realistically hire an attorney to collect..

My main goal with BiggerPockets is to connect with other investors and hopefully build a reliable network of lenders, property managers, contractors, and agents.

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

My goal is to buy one rental per year with price between 150k-250k for the next ten years (if i get to keep my job).