Additionally, if they save the home owner say a delta of $25k between the sale price and the bank appraised price they get some percentage kicker.  

so 240k a year at say a nice 8 to 10% yield you simply need to invest 2.4 million in cash. 

There are many financial units (say a marriage) that are financially or legally united that do not live together OR they live together and additionally one or both maintains a second home in a different local for  work/etc. 

I'd say, as such, he isn't a real estate guru.As for our bleeping swearing, we try to avoid having our show be labeled explicit.Finally, as to our agenda -- he has authored several best-selling books on sales, business, management and leadership.

Step forward and land safely, you'll be more willing to jump to the next more advanced step, say a Section 8 rental.So for the perfect househack, where can you see yourself living and having roommates?

AlsoIf you start with say a hard money loan then refinance conventional the valuation might not hit the sales price you paid.

Lots of fantastic recommendations in here already, I'd say as far as directly related to REI, The Book on Investing in Real Estate With No (and Low) Money Down by Brandon Turner is a must for getting started.Other personal development books I love-The Power of One More by Ed MylettAtomic Habits by James ClearThe Slight Edge by Jeff Olson

I would also say a 1031 is ideal to reinvest and expand your portfolio.

If the question is midterm or traditional, I would say a midterm should net at least twice as much as a long-term.

All other things being equal, I would say a property in Southern California that is not too far inland will perform better than any place else in the country.But I would not say that for the rest of california, no.