What I learned over time is 1) that "Fix & Flip" is the hardest, riskiest, most taxed way to get into real estate. 2) I learned that "Buy & Hold" & being a landlord wasn't for me because I'm too nice and making a $100 a month on a property as most people try for, is small potatoes.

We tend to be more meat and potatoes, I have a design bg and can hold my own but I always consult for other’s input and put to action what directly applies.

So the meat and potatoes is this.  

Get some meat and potatoes.

@Emiere Scaife, it's like a game of hot potato, passing a poorly structured asset from one individual to the next.

I don't think there's anything wrong with going after Class D or warzone properties but I'd make it a focus, a laser focus, and the meat-and-potatoes of your long-term strategy.  

You could have invested that cash elsewhere for a return, so if you go the all cash route, you need to also then compare the cash on cash return (COC).Ok, now for the meat and potatoes - History will tell you a lot about the future, one of the advantages of RE is that you can much more easily forecast and see what is coming compared to the stick market where a stock can go from $100 a share to $50 a share in one day with no way to see it comings therefore, knowing your investors levels, today, last month, last quarter, last year, two years ago, 3 years ago, etc will help you forecast where your market will likely be in the upcoming quarter to 6 months.

-Alonzo [keyword trigger: Permian Basin west Texas Advice help oil field Odessa Midland 79762 asset investment real estate single family home SFH meat and potatoes]

License and have attended a couple of 3-day REI Seminars (I understand the meat and potatoes).

Me being small potatoes, I wouldn’t touch a STR in Nashville.