Just started my first airbnb after a massive rehab.

The "1% Rule" can be a great rule of thumb but it doesn't account for a massive elephant in the room: Expenses.What really matters is NOI (Net Operating Income), which is why we prefer cap rate. 

Plus, being part of a mastermind connects you with a massive network of mentors across different sectors and backgrounds of REI, opening up endless possibilities for learning and collaboration.

The prices for coaching seem to range vastly and it's a massive expense that could really put you in the hole.

On the flip side, this has presented some opportunities for the creative real estate investor as well.Some news story links and a snapshot of what has happened to prices in my city.https://www.cp24.com/news/video-shows-massive-fire-that-destroyed-under-construction-homes-in-burlington-1.6671785https://www.thestar.com/real-estate/toronto-area-buyers-are-walking-away-from-deposits-on-new-homes-some-losing-as-much/article_db451c58-5c4b-5269-8510-17095d5496e1.html

I had a massive flood in my house from frozen and burst water lines and my insurance covered everything except for my deductible.

The truth is that building wealth is a slow process and the odds of hitting the lottery, inheriting massive wealth, or suddenly getting a huge lump sum are absolutely tiny.

Quality over quantity.This massive scale & leverage philosophy on the lower entry/lowest hanging fruit markets is excellent for spreadsheets.

You can maybe save some cash and just get a single line virtual dialer like Vonage Business or Ring Central (look for month to month only), you don't need a massive power dialer right off the bat (another $150-$250 per month). 

I want the house, but not if I can’t verify that there isn’t some massive leak they are trying to hide.My EMD is $1000.