Yea, strictly speaking my question was how much cash would you need to survive if you were dropped in a brand new market and if you only could invest in real estate to create income.

I have seen commercial used to describe retail, office, industrial, and multifamily properties; but, in some contexts, it is strictly office and retail (industrial is industrial, multi-family is residential, and office and retail is commercial use... it depends :)I think once you start getting too big ($10,000,000+) there are too many institutional cash buyers that push yields way down.Haven't invested yet... hope to someday!

I'm a CA resident who invests in AZ properties. I invest in Tucson, Arizona, where I lived for ten years, have many contacts, and a local network.

I'm building up my rental portfolio and currently have two propert...

You know the routine.

HUD is very strict on what they will take for offers.

Make routine property inspections on the inside of your property.

I would, however, want to see bank statements showing their spending and routine expenses to see if they could afford rent long-term jobless.

You get more votes on the HOA, plus you can do referrals to other unitsCons:HOA Fees are mandatoryHOA requirements - You might be accountable for strict HOA covenants (I know we are)Influence - Those who own more units yield more influence on key decisionsAssessments - This is the big one to me.

I am routinely questioned about my age more so than the number of properties, but my competition is mostly people who have tried to convert their primary residence into a rental and struggle to fund repairs and/or are way too particular in what renters can and can't do.Overall, I don't mind telling people how many homes I have because most of them don't realize my rentals are the same size as the homes of the people who ask.

And yes, I should have mentioned that I would certainly go into it buying the properties and obtaining financing strictly as an investment and not even go into the whole restaurant stuff.