I’m especially interested in doing a house hack as my entry point into real estate.Excited to learn from everyone here, and hopefully bring some value to the community.

Quote from @Steve K.: Wow I just got caught up on this @James Wise, bummed I missed the live action.

@Dennis GallagherAs for the 50% Rule (where your expenses equal about 50% of your revenue) - I might argue that the flaw in the theory is you will walk away from many great wealth building opportunities just because it doesn’t meet the formula.

(this is a $30M project) and does not want to use Costar or Loopnet.This seems wrong. 

Quote from @Padam Neopane: I would not attempt this on your own, especially the first time.

Cash flow from investment properties is icing to me, not a replacement ever.

The information contained in this post is not to be relied upon.

It pays to learn how, or to hire the right firm/person, to take advantage of tax benefits.

We have heard from all three camps in this thread.  

To invest in Richmond, join REIAs, engage on social media, attend events, learn from resources, connect with agents, explore neighborhoods, and connect with professionals for appreciation, rental demand, and strong cash flow.Good Luck!