If your income is high enough that you won't qualify for financial aid (or you've saved enough in 529s) then it won't matter.

When I was first starting out, I would walk the property by myself and try to come up with a highest budget possible and make sure I was taking into consideration the high ticket items like Roof, foundation, HVAC, HWT, etc. 

I would like Lawrence or areas that are starting to increase in value but not as high currently. 

Scottsdale is a great place to live, no doubt, but from a flipping standpoint, the higher buy-in costs can make it harder to see strong returns.On the renovation side, a lot of investors in Phoenix are focusing on modern, open-concept designs with high-end but cost-effective finishes.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

I have high equity in my current duplex so planning on using that to fund down payment for the next property.  

luxury cabin, 3100', 4/3/1, nice finishes including spa and sauna, in high fire risk area with total property value ~$500k with CA FAIR was just over $5K fire only. 

Answer because as stated above nothing is more profitable than high end paid training.. you dont need to buy any real estate.. just have a monster marketing spend and off you go.

In high-appreciation markets (e.g., CA), lower cash flow may be acceptable.

At the end of the day, losing $10k is really not a lot in the grand scheme of real estate investing, and given the seeming high volatility of this market ($275k to $220k, presumably in a matter of months), and the generally high monthly cost of HML, I would get out quickly and think of the loss as the cost of education.At least in my area (Cincinnati, OH) I don't see the market dramatically improving even as we get into the spring buying season, and, honestly, I only see mortgage rates continuing to climb for the foreseeable future, taking more and more buyers out of the market.