@Fulati PaerhatiRecommend 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 sure have to learn the terminology and implications of certain aspects and im sure I will but it very much helps having such helpful resources as the contributing folks in the forum here.Thank you all for your support!

Is there a certain amount of savings or financial cushion that experienced investors recommend before jumping in? 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I do have a resource on island who can assist you. 

Another alternative here could be refinancing although it is likely your rate is well below today's rates.This is not financial advice, I am not a lender... just sharing some insights that have been shared recently. 

This has made financing more expensive for buyers, but it has also led to less competition in the market, creating opportunities for those who are financially prepared.One of the biggest factors to watch in 2025 is new housing supply.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more. 

If you have gross income of $3k but ongoing bills of $1800 we know it may cause a financial hardship so that reflects in our scoring system.Hope this helps, but in my experience an interview is:a.

We have positive net migration, and a robust industry (tech, aerospace, agriculture, financial, etc.) that keeps demand for homes high.