Better to keep rent 5-10% below market, but keep a tenant long-term.If you can handle all this, you MIGHT be ready to be a real estate mogul.Otherwise, you may want to get out of your own way and hire a PMC to manage your property better.Let us know how this goes before you continue dreaming about anything else:)

I live in an expensive market (Long Island), where breaking even or cash flowing on a property isn’t really possible right away.

Save up long enough to pay the LLPAs to get a better interest rate3.

I wasn’t trying to be long winded, with too much detail, in my initial post but I actually did this method on a fix and flip.

Verifying last 2 years of rental history very important!

I have two questions regarding mortgage interest tax deductions.First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment.

One insurance claim and it will pay for all the premium you paid in last 10 years most likely.

I'am now on my 4th year with Jerome but no longer am in the 12 month course. instead last year i joined another private group Jerome offers to students that have been apart of the program for a minimum of one year which is running me $30,000 a year which includes another course that dives in deep mostly with Muti-family apartment complexes, Manufacturing warehouses, Commercial Property and even High Rise skylines for people looking to scale their real estate portfolio to a massive level and attain nine figures.I Hope this helps if you have any specific questions or are thinking about joining the program I don't mind referring you to someone! 

Cool part is that we did the exercise last month and have already been able to see traction on some of the short term goals. 

Also, I'd encourage you to think long term. 20-30 years from now, it won't matter if you bought your first property now or 3 years from now.'