I'm a newbie to real estate investing and am currently focused on intensely educating myself about all things real estate and how to get my first rental property deal.

Hi Melissa,It sounds like you’re putting in some great thought and research into your investment strategy!

Hi BP, I am interested in invest out of state and these are the three metro area that I am looking into: San Antonio, Austin or OKC area. 

There are significant advantages to investing here (lower barrier to entry, much better price to rent ratio's, etc. etc.).

First off, Congratulations on your investment.

What does a cash positive investment mean to you? 

Investment Info:Single-family residence other investment.

Quote from @Destiney E Goins: Hello, I am new to investing, and feel like I have been blindly stumbling through this experience the last few months.

NEVER INVEST MORE THAN 10% OF YOUR INVESTABLE ASSETS IN ANY ONE DEAL.  

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.