@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I started with a house hack then purchased my own rentals/BRRRRs and now I own a successful 7-figure rental portfolio.

I hear you, I’m just trying to understand if they are able to do it (especially for $50), then I’d think I’d should be able to figure it out myself.

Now, you need to figure out how to find deals and pay for them.

Not sure how important that is, but we put it into our spreadsheet… trying to learn and figure out our best move!

When we start asking questions, and having friendly conversations they get it figured out.But hey...google knows everything. 

A couple of us up here in the Bay Area are figuring out if someone could drive down a truck with supplies but I'm donating money first.

What would your do to figure a proforma that supports and offer for a profitable property?

Honestly my wealthiest clients and friends with 8 figure plus net worth have little to no debt..

I figure REI is like most other things in life… hard work and persistence will get you there.