Remember to save some money for capital repairs.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Not being on the ground makes it difficult to monitor progress and judge the quality of work.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

There is no consideration for risks, areas, quality of the house, renovation, or management.  

Hi Srikanth, I’ve been investing in Cleveland neighborhoods with a similar focus, targeting properties that align with appreciation potential while attracting quality tenants.

If you think that the forums and the books have the same information and the same quality, do you read books at all?

Use the brokerage account to fund the downpayment and repairs to bring it up to the comps in the area.