I've always believed it's best to acquire your first property in your own market but if you happen to be in a market where that's not possible, select a market that has strong fundamentals, arrive at an investment thesis and focus there.

We can always push back with solid fundamental numbers after the analysis.

There are are a lot of other factors to look at and the fundamentals are the ones that you need to make sure you are watching (job growth, population growth, overall city regulation, etc.). 

I did learn a lot about taxes and appraisals and really wanted the fundamentals which I learned.

If you have not studied and don't understand real estate principals and the fundamentals, you won't know what to look for because you won't know what a deal looks like.You are competing in a world of serious players who have done their homework, paid their dues, performed the research, made the business connections and now they typically have too much capital chasing too few deals.Where does that leave you?

Andrew - Thanks for reaching out.Here are some fundamental tax principles every real estate investor should be aware of:Differentiate Between Types of Income: Realize that income from real estate can come in various forms, including rental income, capital gains, and dividends from Real Estate Investment Trusts (REITs).

If you focus on the underlying fundamentals of a property, and buying right, you don't have to get overly concerned over any good/bad news on the economy.

Understand Tax Deductions:One of the fundamental strategies for reducing your real estate tax liability is to understand and leverage tax deductions.

In this article, we'll delve into the world of real estate depreciation and explore how you can harness this financial tool to your advantage.Understanding Depreciation in Real Estate:Depreciation is a fundamental concept in real estate taxation that allows you to deduct the cost of an asset over its useful life.

You will definitely find the fundamentals of your education here.