Hey James, I haven’t purchased land in Davis Park myself, but I do have clients currently flipping a home not too far and there's a lot of new construction happening in the area.

There are definitely ways to make money in real estate without needing initial capital but I would say those are fewer and less likely in the current market. 

Currently, interest rates, taxes, and insurance are very high, making it difficult to cashflow with downpayments that are below 40%.

He is interested in REI, has good basic knowledge on REI and has more than enough saved up for down but hesitate because of current market, interest rate, rental demand, capex, first investment jitters, draw of stock market, etc, etc. 

If you are doing it yourself with the current interest rate environment, like Bruce said, it'll be a functionality of how much you're leaving in the deal.

I've done several of these here in Chicago, and currently looking for a single-family house to a live in flip in. 

Im currently in the process of getting it rolled into an actual mortgage since these are rentals.

I’ve been listening to the BiggerPockets podcast daily on my commute and finally decided to jump into the forums to learn, connect, and start taking action.A little about me:I work as a Substation Design Engineer and currently live near the Jersey Shore.I’m focused on learning about house hacking, buy-and-hold rentals, and creative financing strategies.Right now, my biggest challenges are:Understanding the best financing options for a first-time investor.Finding a solid market near me that aligns with my budget and goals.Learning how to analyze deals with confidence.If anyone has tips, resources, or experiences they’d be willing to share, I’d love to hear them!

We are itching to get another.Our current STR has COC return of 43%, we are making on average $12,480 a year. 

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?