Thank you for the absolute TREASURE trove of knowledge and selfless peer education provided on this forum. 

Reason: I signed a new job offer at a nonprofit yesterday and having extensive knowledge of the real-estate market in Philly would be very helpful.

It's not that Stu has tried and failed with this asset class, but he is pointing out that you have very preliminary understanding of investment principles and should look to expand your knowledge before being accountable for OPM. the fact that you're confusing mortgage payments with T&I impound is indicative.

Detroit is very much a block-by-block city, so having local knowledge is absolutely critical.

You have excellent advice here from some people who didn't just get their knowledge of investing through a low rate, real estate risk off period.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

Happy to connect and knowledge share if you are interested.

Did you attend educational courses to enhance your real estate knowledge?

I just know I don’t have the knowledge yet to find a deal and a lower price point is appealing for sure.

Would help if you stated what questions you had so people could reply right away.I have knowledge on HELOANs but not direct experience.