The main lesson I learned was that if you have some experience you can pick the right property, in the right location, fill it with the right tenant and it can actually work out!

OCU has a very intense Musical Theatre and Dance programs.

I'm looking at some flips in Arizona and the math doesn't work out when you add in some of the big ticket items like a brand new AC.

You can utilize low down payment loans by house hacking your next property.3) Partner with people to invest your capital together.4) Invest in lower cost marketsThe tough thing about real estate investing is that it's capital intensive.

A second, and less labor-intensive reason was that having ceilings that matched walls and trim make the space feel cheaper, and even though our rental isn't in an A neighborhood, we want to give our renters a feel that they're renting the nicest place in a neighborhood. 

College rentals are great, but more time intensive and usually better managed by more experienced landlords because college kids break more stuff and don't know how to work a lot of things.

Usually you just have to play around with the HUD a little bit to have it work out if necessary.

@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Any time spent on your properties will provide you with invaluable experience and understanding of the asset you own.As you scale, you will hire more and more work out but until then don't be afraid to get into your investments.The picture below was a long day managing a community park we are building in one of my mobile home park communities. $50,000 job done for less than $10,000.

@Grayson Grzybowski, Let's run some numbers to show you how this should work out.