You will rapidly grow in your 20s, and so will your salary, but if you learn to live efficiently then it can be a great boon to your investing.

As your experience and confidence grows you will be able to search through more distant markets, but as you said that you are just starting, I believe the best advice is to being by investing locally.Though other markets may offer a higher return, make sure you factor in the additional costs.

When I don't, I'll get them out in the fastest amount of time possible.

We're now working on our first flip, and are planning to sell our current home once renovations are done, and move into a small multi-family closer to my day-job in New Orleans.We'd love to connect with other investors in both the Mobile and New Orleans area, or really anywhere (we like to travel) and continue to grow in the REI field.

I do this to make money and grow wealth, not to make friends and grow the economy.I suspect that your perspective on the numbers right now is flawed, but not knowing anything but asking price and offer prices doesn't allow me any insight into whether the deal makes sense.

As you grow, you will find that there are certain brokers/agents that do quite a bit of REO listings.

(cost is to high) however, this makes a much better market for long term rentals as property value is rising and the city is growing at a rapid rate with a high demand for rentals (all relative to where I live).These things helped me to decide.

It's unreasonable for the city to expect you to grow more land to accommodate a parking ordinance instituted after the building was built and was not in place at the time the occupancy permits were granted.One thing you may consider, if there's room, is to make the parking spaces smaller, if need be.

Due to our business loss, in 2009, we're a bit leary of taking too high of a risk.I highly recommend reading "Think and Grow Rich" by Napolean Hill

Grats to you on that feat.Be sure to check out this e-book on Using BiggerPockets to Grow Your Business