Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

@Jay Hinrichs totally agree!

The investors who succeed now will be the ones who adjust their strategies to current conditions rather than relying on what worked during the last bull market.

The information contained in this post is not to be relied upon.

I know that I have to rely heavily on a solid property management company to not only maintain but to help find me deals as our relationship grows.

I can get $7000 rental income per month total.

Airdna is a good resource and tool, but I wouldn't rely solely on that platform for data.

We will be almost doubling our portfolio next month (81 doors total).

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.