If the numbers don't work after taxes, you've got to be prepared to walk away or get creative with your offer.

I'm much better prepared for the future.Thanks again Chris!

I am preparing for a few years down the road when my kids are in/through college. 

However, there is a straightforward process that does not require any secrets or gurus, which is illustrated below (click to enlarge).I will summarize each step below.GoalsSetting written goals is the foundation of any successful venture.

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.

Great, so you are getting prepared to start already!

@Otis Clayton To partner in real estate effectively, establish a clear structure like an LLC for liability protection or a Joint Venture for single projects.

While most who post about asset protection on BiggerPockets are focused on how to remain anonymous and how to prepare for conflict and liability, the billionaires are out there proactively preventing the liability events from occurring in the first place.

I don't see any furnished houses so I am prepared to list my furnished house under the furnished apartments section - but I can't figure out how to post in a designated 'furnished' section?

In the summer months,  I prepare for the new students arriving for the semester.