Plus they charge by the hour, not the closing (unless there are attorneys who do that).

You may generate money in real estate investment by educating yourself, starting small, then expanding as you acquire expertise, particularly in low-cost regions.Good luck!

What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself?

And I make sure to already have established email communication with each tenant at/before the start of the lease, and use that same email address (of the two provided in the lease) with the tenant during our relationship.Real life example: I had one leave “in the dark of night” after my local agent posted an eviction notice on the door.

But that will also give you the cushion to be comfortable until cash flow starts again. 

I've primarily worked with investors in this industry in off market acquisitions, now I'm ready to start the journey of becoming one myself:) Cheers to evolving as an investor.

If you can find a deal that cash flows decently now, I do think we'll start to see 3%+ per year organic rent growth again sometime in the next 2-4 years, since new construction starts have been very low the past 2 years so new supply coming online is going to drop a lot in the coming years. 

@Sam McCormackIt’s been what 24 hours since it’s been implementedI have changed nothing within my business for thisI think people are blowing this out of perspective in regards the changes it’s going to have for investors.

Then the next year, they will jack that up and I will be right back where I started. 

I am not a fan of novice investors starting out with out-of-state investments.