In my case, a steak dinner is a tradition but the major portion of your funds should only be used to build, protect and enhance your asset’s ability to produce and sustain income generation.By taking on responsibility in the housing market at such a young age, you will have some added benefits and opportunities coming to you.

Just use your downtime prior closing to plan the reno if applicable, figure out ideas on how enhance curb appeal, and prepare for marketing/advertising.

Permits and inspections help preserve property values and enhance health and safety of the community.If you're changing key components or systems, such as structural, plumbing, electrical, HVAC, driveways, etc... then you're going to need a permit to make sure the work is inspected and documented that it meets current code.

Your write-offs can include: acquisition tax (when you purchased), any commissions paid and any enhancements you made to the property (assuming you kept your facturas).  

@Dexter Kubi,Multifamily>SFH  in terms of cash flow.. focus on multi-family if it's an option for you are you are looking for cash flow!   

I used to coach teachers that wanted to start a side business and I always encouraged them to create a life plan and then figure out how the business would fit into and enhance that plan. 

Brandon Turner has recently joined his team and has done a tremendous job to enhance all the features and benefits like the keyword alerts.....so investors can connect better.

Dexter on Showtime!!

It gave me time (and clarity) to sell for the most money, sometimes enhance value.

If you take some of that money and invest in a degree ($50K at a state school, including room and board) or a technical certificate (some are only a few thousand and take less than a year), you're earning potential will be significantly enhanced.