Here are some rules to follow to mitigate risk if buying at this point in the cycle:Buy for Cash FlowMake sure your asset is spinning off plenty of cash to the point that you can experience a year at double the average vacancy rate and still be cash flow positive.

I will be working a job, so I plan on reinvesting everything back into acquiring more properties.My question might come across as vague, but that is because I have been spinning my wheels & am not sure what direction to go.I currently have only 15k, just got married, & need a place to live.

I have not rebuilt my credit yet but I plan to.Thank you I think that's great if what they're telling you is true and not some kind of marketing spin.  

Many start with no idea where it will specifically lead, and they end up spinning their wheels, and end up making little if any progress...and can't figure out why. 

All in all, I feel like I'm spinning my wheels and have the initial doubts that I'm sure most have had.WHAT DO I WANT FROM YOU GUYS: Knowledge and Accountability, plain and simple.

But to find that person, you need to make sure the Broker has his/her eyes set on the "charm" and spin the garage into the historical artifact that it is, as opposed to a detriment to the market and neighborhood.

Sometimes a pro-forma is just a sellers hopes and dreams, proof the projections against reality. land sales usually don't spin off these types of returns unless they are in or around resort areas or major metropolitan cities where new construction is coming, not sure how a mountain would play into that scenario unless it's mountain cabins.    

The cheaper that interest is and the reduceed  amount of time you're paying on it e.g. not when you're not using it makes the cost of that money less. you can spin scenarios where the original loan gets rolled over and over and that is fine but you're still paying interest on that and if you're having successful real estate Investments ultimately making money then great we just made money and paid for loan costs.   

When it comes to tenant profile, risk, and cash flow (or lack thereof) there is so much variety within the city that it makes your head spin. 

Inside the bulk of the tower opening up out the top was a German seat swing (the type that your seat is attached via a chain and it spins, raising you up).