Just make sure you use a very honest agent that doesn't sugar coat anything and check the crime statistics and household income.

My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

https://www.biggerpockets.com/forums/521/topics/1224454-real...

I am a rookie real estate investor eager to get into my first deal this year.

What is the best area in Birmingham to invest? Do yall prefer Fix n Flips or Rentals? 

You either have verified income and meet the other requirements, or don't. 

If you’re have ambition either for a career as a management/ professional/ entrepreneur or becoming a real property investor then you’re going to bat with 2 strikes.  

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

Legitimate lenders may charge a small application fee (around $250) to verify you’re serious, but if someone’s asking for thousands with no real intention of closing, that’s a huge red flag.On a more positive note, there are creative financing approaches out there.