I'd feel comfortable investing ~$50k to start off.

Feel free to reach out with any questions, more than happy to help with any questions you may have.

I feel like this is a huge reply of wisdom and I love this.

Opt for loan terms and interest rates that you can comfortably manage.Build reserves: Set aside cash reserves to cover unexpected expenses, like vacancies or repairs.Consult with professionals: Seek advice from real estate agents, lenders, attorneys, and tax professionals to ensure you're making informed decisions.Remember, there's no one-size-fits-all answer.

It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

So now, instead of feeling excited about a new investment, I was scrambling for cash, stressed beyond belief, and facing major repair costs with less rental income to offset them.That experience completely changed how I approach real estate.

Because they’re ideal for creating comfortable and functional shared living spaces.5.

Start stalking zillow listings there now.)Investing is not purely about the numbers, it is about what makes you comfortable and happy.

Find a balanceIf you're open to learning, start with TurboTax this year and see how comfortable you feel.

Shopify might feel restrictive because it's not built for the complexities of managing properties or handling booking systems efficiently.