You may also have to pay a broker to rent it, when usually the tenants cover that during peak rental season (May-July for 9/1 leases).Good thing is once it's rented you should almost never have vacancy if you're mindful of re-listing it in a timely fashion.

For example, if they have to take 1/2 day off work and they earn $20/hour and they charge you $80, that would be hard for you to win IMO.

If you’re looking to make real estate your new job and to earn cash now to use and live on like a job, then go for cash flow.

Many newcomers spend their first few years working under a sponsoring broker, and during that period, the broker often earns a significant portion of the revenue.

I'm in one of 2 peak seasons currently. 

They bought a second home near a popular tourist area, lived there for the summer, and rented it out during peak seasons.

Then your only worry is don’t lose money and earn a positive return.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

@Chirdeep BhutaniFrom various sources, values peaked in 2022, and have gone down about 20%.

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!