I have some cash on hand, but, the Florida house and NC real estate is 90% of  my net worth.I have fallen down the paralysis by analysis hole and hopefully your thoughts will help me to dig out.

You simply get a discount on this purchase, equal to your tax rate.

The 1% rule is simply a rule of thumb type filter.

@Rita Medeiros close all holes, make sure there is no rat poop in the house, and you should be set.

Probably buy a lot of silver and dig a big hole.

This is an old thread and I don't have an opinion on Rent Hero (except that maybe this business name feels a little dated and pigeon holes them)For tracking receipts Real Estate Investors often think they need physical receipts for every single tax deduction.

My first MF I represented the buyer on I made 100k. for maybe a weeks worth of work. 3. if your going to be looking a more resi style duplex 4 plex a lot of those get listed and having access to the MLS is far superior to any other on line listing service ONE simply because you will be able to talk to the actual LIsting agent not someone paying for leads.And then of course having access to MLS lock box's and not relying on agents.. this is huge.Now if your maybe going to buy one property sometime in the future and you have no interest in learning the RE laws of your state or making any money with transactional real estate then sure.. its a pass.. although I would still recommend the pre license course so you learn the basics  the vocabulary and states unique laws.. knowledge is power in RE.

I went actually on the street of the city I wanted to invest in and asked people just walking around about the city, what might rent, etc and found this method to be extremely beneficial I met some local real estate agents walking their dogs that gave me great recommendations and leads just because I asked them.The real estate agent son I met the other day has called my phone and is connecting me with a landlord that I really want to get into contact with for his building who already has tenants airbnbing at his location.I also found a Mentor (simply by asking around), which has offered to teach me all their ways, tips, tricks and so on as long as I help them stage, help them move items and so on.

Its not work its simply how I live my life and I just happen to make money doing it..

They could just be keeping it in a drawer and simply rolling the cigarette inside (to then smoke outside) can cause an apt to smell for a little while.