As long as the bank sector is healthy, no credit event in 2024 and there's no collapse like 2008 for residential, that's what matters.So we see market crash in some sectors but for most people we are just fine...The fact that RRP has reduced a lot is also indication that bank sector is more liquid these days.......

I'm glad to hear your health is better.I was a mortgage broker for 12 years before getting licensed as a real estate broker 12 years ago. 

At a minimum, it needs to stay dry, which means getting any standing water out (sump pump and french drain), ventilation (moving air will dry out excess humidity), and a vapor barrier over the soil.

The DSCR products for investors are pricing below 7% on a 30 year fixed with healthy credit and reserves. 

We have a healthy rental market but if you are closer to the beaches even better. 

Based on your calculation, you retire in 10 years at the age of 49 which is much better than the average person.You will likely have a bunch of paid off houses and a healthy 401k balance.Seems like a sweet analysis.I am happy for you.

Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible

Put aside a healthy allowance for vacancy on the other side and repairs on both. 

That is really the epicenter of growth in Metro Phoenix for the next decade.Since Metro Phoenix has a healthy inventory of homes in your buy box and interest rates are keeping many buyers on the sidelines, it's a good time to be a buyer in Metro Phoenix.Hope this helps,Melanie

(Healthy body healthy mind)I'm an agent and Property Manager in the Pocono Mountains area.