The closer you are to the retirement, the more you should focus on rental properties.

I have been interested in real estate investing since starting university and recently saved up what I think is a good amount to get started.

Most people hire  an attorney to (a) save time; (b) trouble spot issues.

Set up 1-2 hour time periods on Saturday/Sunday through messaging of when your dad/can call him the showing agent can be at the property so prospective tenants can view the unit (will save him a lot of back and forth).

Hello Bigger Pockets Community, I have been reading books and forums, watching videos, saving money, and analyzing markets over the last 2-years.

Now is the time to learn and go to meetups and save money.

The more leverage (debt) that is applied to a property or deal, the more cost savings you will get up front relative to the equity you put in.Let's say you buy a $10 MM dollar deal that has $3 MM of year one depreciation.If you used $7m of bank debt and only $3m of equity, your year 1 deduction will equal the amount of money you put into the deal!

That is $500 easy savings by shopping around, but make sure you are adequately covered. 

And could start making a small amount of cashflow and start gaining appreciation with an LTR.Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR?

Shout-Out to an Amazing Realtor for Out-of-State Investors – Melissa Hudson in Cleveland, OH
Hey BiggerPockets Community,
I wanted to take a moment to share an incredible experience I had working with Melissa Hudson...