Make sure you connect with the NHREIA, great group, they have monthly meetings in Manchester and a busy FB group with 3500+ members.

I'm from Illinois and am itching to do my 1st real estate investment but not sure how a newbie like myself can finance a property without using my own money especially when it comes to paying for inspections, appraisals, earnest money, monthly interest and monthly bills, etc 

There are currently tenants in both units, but both leases expire over the next couple months.

I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.

Is 6% of monthly rental payments appropriate rate?

January’s CPI came in at 3.4% year-over-year, slightly above expectations, reinforcing the Fed’s cautious approach.Economists expect this month’s CPI to show a slight decline, but if inflation remains above 3.4%, the Fed may delay rate cuts even further.

The rent rates are compressing right now and in my opinion the next 12 months are going to be rough if you do not have a enough of equity in the property.

Having said that, this is ultimately why I keep pricelabs, it gives me a structure to easily adjust prices via seasonality which I did not have before, it also continues my prices beyond the 12 month window - this helps if I forget to adjust future pricing and then the platform goes back to my default base rate kind of thing.Having said that I am no master or expert of PriceLabs. 

I came up with a goal of having one property by the end of the year that cash flows at least $100 a month after all expenses.

I luckily closed 3 deals in a month thanks to this tool!