(BTW, I know some people talk about how if it's 1-4 residential, valuation should be based just on sold comps, but I do like running #s on even 1-4 residential when you're looking to hold because it provides a more precise way of seeing how a property can make money today, without speculating, which is what I feel comps are at times.)

HYPERINFLATION:  Unfortunately theres no precise definition for hyperinflation.  

I think I'm ready to make the first investment, in terms of knowledge,  a precise plan to follow and stick to. 

-Operating costs are expenses deductible in the year paid.Take your settlement statement(s) and other expense records to a tax professional for more precise guidance.Congratulations and good luck!

Many people refer to Unrelated Debt-Financed Income as Unrelated Business Income and while not entirely precise, it is not really wrong, just not as specific. 

What does that mean precisely? 

To be more precise I use a cap expense number higher than most investor but I have spent time calculating it.  

HYPERINFLATION: Unfortunately theres no precise definition for hyperinflation.

Haven't quite gotten to that point since I'm still deciding what I'm looking for precisely.

except one thing... spend some time and think about the one thing that you want to achieve above all else, be precise and keep the goal simple.