Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

I got started in RE in my late 30’s with 3 kids.

You might also explore the possibility of refinancing the ranch and using that for down payments on other properties - which I'm some others might label as too crazy.

If you’re looking for steady cash flow, you might want to analyze condos with low HOA fees or explore multi-family properties instead.

1) Yiu REALLY need to know what CA will  allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options. 

But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"

We provide a complimentary property-specific analysis for investors exploring the benefits of cost segregation.

It’s a market worth exploring for first-time investors like you.

If not, that's the time you explore other options. 

Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.