Putting together a solid team will reduce risks and expedite your investing process.Establish Specific Goals: Whether your goal is to increase your wealth through real estate, attain financial independence, or generate passive income, clearly define your investing objectives.

My recommendation if you choose to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth.

Foreigner investors can either pay a flat tax of 30% of their gross rental income or elect to file an annual US tax return and reduce their taxes by claiming deductions relating to ownership and managing the property.

If I recall, the investor had a high-paying W2 job, lived very modestly, and put a lot of her disposable income into buying and renovating properties for a sustained amount of time.

Addressing the LTR concern: both counties have used grants to boost low-income housing (in the form of apartments that prohibit STRs) rather than imposing broad restrictions.

I have a complicated situation in showing proof of income, however, I have a great credit score.

Income to Price, Median Income, Median Rent, RTP, Annual Rent to Income, and Unemployment?  

Price $170,000Rental income $1,750Insurance $1500 /yrTaxes $5000 /yrNo HOAWould this be a good deal?

I've started using Rental Hero to track my income and expenses for each of my rentals and flips and I really like how easy it is and that I can upload my receipts straight on their app to keep track.

Just curious is that annual income 40x the monthly rent gross or net income?