Welcome to BP !

I'd be happy to get corrected.

Even work for them for years, yes years.

Your AC goes out, boom your year of cash flow evaporates.

I'm a 26 year old from Long Island hoping to acquire my first rental property by the end of the year.

Do I need to choose a location close to home or farther away?

There are rules to follow!

@Lou Cautero - I'd be happy to talk with you and see if we have any common interests.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.