Yes I still have a somewhat high earning w2 income and I will be comfortable.

I would stay out of really rough areas in expensive cities because those are risky and can be management headaches.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Thanks Again and Stay Safe!

Rents generally rise over time, and while mortgage rates are high now, they won’t necessarily stay there forever.

I am basically looking for a cashflow property in the Lehigh Valley or anywhere else, but I would love to visit the property as I am staying in the NJ/NY region.

I would strongly urge owners to stay away.

As you delve deeper into the world of real estate, staying informed and adaptable will be key to achieving your financial goals.

Look into Baselane it’s designed specifically for real estate investors, You get automated rent collection, expense tracking, it makes it easier to manage properties, stay organized, and keep up with your finances. 

The tenant wants to stay 2 weeks post closing in order to get all of his stuff out.