The higher your equity gets on a single property, the more you are losing money. 

Spend a little more money than you might have been planning to, buy in a better area (i.e. not a “turn key” 100k house off the mls), and self manage.

I would love to explore the rest of the US - if I had the money.

Leverage your way to wealth with as little of your own money into it.

Found this property through our local online foreclosure auction site.

You can't pull money out if there is no equity.

My advice would be, if you truly want to learn the business, lease it up, refinance, pull some money out, and go on to the next one.

I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025? 

. 😉  Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.

You are LOSING money because you didn't even raise rents to cover those increases!