Figure out what a deal looks like before you are ready to buy and when you are finally ready to take the plunge, you'll at least know what to look for.5. 

My dream is to purchase land and have the ability to put a Airbnb on the property, maybe a sauna cold plunge make it a relaxation get away.

Money that cheap is going to still feel like a gift, but technically it's not.Before you actually take the plunge on the HML 2nd, it's worth running the terms/conditions past whoever will be doing the purchase mortgage to ensure the HML 2nd doesn't wreck your DTI.

John - I commend you on taking the plunge, being confident in yourself, and just doing something for progress.  

We haven't done a single deal, but after consuming countless hours of BP content and way too many books, we've decided that this is the year that we take the plunge and actually get our skin in the game!

I don't really care if rents in general plunge, i only care if the rents on my own investment properties plunge...macro economics vs micro or even nano economics.  3 micro things I want to throw out there that would go against any macro trends;1.

Hey Pat, welcome to BP and I'm glad you took the plunge to introduce yourself.Yeah, as you mention, I'm a big fan of rentometer and think its usually within $50 of market rents.Also, as a first property, for me, it was very convenient to have a rental very close (next door in my duplex).

I'll echo that most of these Midwest markets that skew toward lower purchase prices are similar.Areas can be hit-or-miss and you need to really understand the risks and potential rewards before making the plunge.

I did my due diligence, talked with investors who have made investment in multi-unit projects  with this company and made the plunge investing in their Las Vegas converted student housing offering.

I'll continue to read, ask and ultimately learn with hopes and an expectation to take the plunge into my first deal sooner than later!