I am also a real estate appraiser encompassing the areas of the southern metro down to mankato and over to rochester.

Hey @Anthony Sigala many folks might be optimistic about this rule but the "rule" was created during a very specific and particular time in real estate as a way to help newer investors have a framework on how to approach rental properties without going in blind.

@Tom Wong & @Kevin Ing - my real estate partner is in and from Hawaii. 

Are these real numbers?

Be sure to do your due diligence and make sure the PMC is licensed (if required, it's not in all states) and insured.

Knowing your long-term plans can help you build a long-term financing strategy so that you are not just worried about purchase number 4, but also purchases 5 - 20+ (if you plan to continue to invest).I'm an investor and licensed mortgage broker.

ABC’s of real estate investing : Ken McElroy 2.

Lastly, if you want cash flow so you can quit your job then you might want to consider strategies like flipping, Airbnb, property management, and being a real estate agent.

It’s a great way to get your feet wet in real estate while building equity.

Hi Martti,I happen to be someone that lives, eats and breathes in this area of Real Estate investing every day in Detroit MI.