As a rule, I'm totally on board with the "just say no to negative cash flow" crowd, especially for a newbie.But, to open the discussion up (as more of a thought experiment than an actual practical investment), one thing I did not see mentioned was the principal payoff over the course of a long term investment.  

If they aren't on board you can then threaten with eviction and explain how thats a bad mark for any other future rentals.

.,. then Baltimore gas and electric showed up and said their gas leak detector detected small amount of gas leaking.. it was coming from a cracked head on the furnace.. so it was old and need of replacement.. so we decided to replace it completely  however I need to mention I have brought my mother in law on board to do the book keeping duties and she is on site 2 days a week to let the exterminator in and do paperwork.. she was bombarded by this tenant who was threatening to call the police due to no ac and without consulting me she hired someone who was willing to install a unit in 2 days time instead of a week and instead of spending $3,500 for a new unit she spend $7,000.. this is a huge problem for me as I have a policy of no work or repairs done over $500 without my consent.. so he got a new $7,000 unit.. and I have taken the checkbook from my mother in law..

Failure, what others may think of your decision, second guessing your ability to succeed at something new, is a significant other not on board with this form of investing?

It's nice to be onboard :mrgreen:

I manage 11 properties, we help them create their own account during onboarding, and we are set as the co-host within airbnb.

I wouldn't count on getting a lender on board without some very specific assurances that you can do what you're intending.

Conversely, many here on BP take their $100-$150K all in and do 2-3 flips a year for a better return, better rental numbers if stuck and gain a free and clear asset to leverage for return of capital putting one in more of a drivers's seat than passenger seat.As a very successful investor told me early on, "Deals are like buses, another one will come along."

As an aside, the city that I live in has grown very quickly over the past 5 years, and I'd love to begin with a first unit to rent to simply get started along the journey.I'm currently seeking any worthwhile RE associations to join and network with, and will take on board any advice and recommendations the Bigger Pockets community is willing to share.

It's always great to have experienced guys on board.