.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

I did most everything I was supposed to do, increase my income, decrease my living expenses, save cash, etc.. 

I do agree that operating costs (insurance rates) will not go down and may even increase over time.

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

Peter Lohmann’s newsletter is a solid source for staying on top of national trends; I’d recommend subscribing if you haven’t already.In Texas, I’ve noticed increased activity, especially in the Dallas-Fort Worth area.

I'm testing with the California addresses you put in there at the bottom.import requestsfrom geopy.geocoders import Nominatimimport jsonimport timeAPIFY_API_URL = '' # Plug in the provided API URLdef geocode_address(address): geolocator = Nominatim(user_agent="redfin_scraper", timeout=10) # Increased timeout to 10 seconds try: location = geolocator.geocode(address) if location: return location.latitude, location.longitude except Exception as e: print(f"Error geocoding address {address}: {e}") return None, Nonedef search_redfin(lat, lng): search_url = f"https://www.redfin.com/stingray/do/location-autocomplete?

I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.

Because here, the proposal would increase property taxes about 5x.  

When getting new tenants I've found the increase to be much more. 

You increase the likelihood that you continue to receive that $8,500 each month.