Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

So, if these are all in A neighborhoods, I would think you could get much closer to the "1% rule" on rent than where you're at now.

I have a rule , never do business with family or friends .

To update my December 4 comment: The filing requirement is back on as of December 23, after an appellate court ruling.

I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

The next part that I learned, and this an IRS rule, is that you can only have an average balance of $50K out per calendar year. 

Rules are super landlord-friendly and we see positive cash flowing deals with lots of potential for appreciation.

You can sidestep most of the headaches if you stick to these five golden rules:- Know Your Market Inside OutTake time to research neighborhoods, property values, and what buyers are looking for.

A very attainable "deal" in my area are houses that would follow the 1% rule.