. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events). 

Just a few tips to look into but it usually takes some time to gain steam on your first listing so be patient and keep analyzing the local compeition /your own listing. 

The C rentals still cash flow better, but the difference is marginal and honestly not worth the extra headache. 90% of my gains have been through appreciation and forcing equity through value add.

And if you convert it to a rental you’ll be facing a $200k taxable gain. 

There was something in it for both of us.You have to find some sort of common ground or gain a lot of trust to show how serious you are about this.

It is easier to parse it out, but still, not as valuable as I would like.

Being that I get taxed at a higher rate for wage earnings then i do for capital gains I actually take home more for way less work.

Now, with real estate all you put out was $25k for a $100k purchase, that you got the gains/monitization from $100k.