This varies based on the percentage of the loan the lender or broker is charging for the work. 1.5-2.75% of the loan amount is in the ball park of average but there are lenders and brokers who charge more or less.

But...If the average renter is being left behind, if their income can't stay in line with the cost of living, I fear it will lead to a larger crisis and continued intervention/regulation by government.  

Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't. 

This property would be projected to make roughly $140-150k if you were to use average market comps. 

If you're running a tight ship, you can expect to drop 10,000+ letters before you get a deal, and then you should average 3,000-4,000 letters per deal moving forward after that. 

Real estate investing is a forgiving world; the average person can still make money even with some big mistakes.Mentorship isn't about finding a great mentor.

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

In general, if you have an average home and are going sparse on the furnishings and experience, this would be a bad time to do that unless there is no lodging at all in your area.

Real estate investing is a forgiving world; the average person can still make money even with some big mistakes.

Real estate investing is a forgiving world; the average person can still make money even with some big mistakes.