For example if you lived on the same street for 30 years you probably have a huge advantage over some of the top producing agents, they may have time on task of being a realtor but in many ways I am sure you are the expert of that street. 

The end goal is to produce consistent cash flow in a market that has some room to appreciate and is not over-saturated yet. 

Set aside 10%, or whatever you are comfortable with, until you have a healthy reserve based on your personal situation (finances, # of rentals, cashflow, W-2 or other income, age of rentals, etc.).

And yes while some discount agents are making this mistake as one might expect…lots of high producing, and luxury agents are making these mistakes too.

I upgraded to a Pro membership a few years ago solely for the unlimited use of the calculators becuase I think they are very user friendly and can produce a professional looking report.

We purchased 3.5 acres for $150K, right across the street from the base (will become 420 units of MF).Understanding the benefits of military markets and the flow of funds from the military into the civilian world opens up a plethora of opportunities to build resilient portfolios that produce income and provide a better standard of living for military members.

The entire condo is producing roughly $2500/mo.Initially when I bought the condo I ran the numbers and expected to cashflow maybe $100/mo if I were to rent it, but I had the fever and just had to jump at something.

If I can get either a ready to build lot or small place with land at a good price, with fairly low regulation zoning requirements, there should be a healthy profit margin at 3-4 STRs...

At this point, you'll probably still have enough left over to buy another investment property, invest the money in other asset classes, do some renovations on the place, and/or have healthy reserves.

LTRs/STRs produce cash flow.