I'm 26 years old with a steady job as an accountant.2.

Marriage rates have steady gone done.

I still live at home and it's not a necessity for me to move out yet, and I plan on making a steady stream of income from this property ($1500 a month).

Several of my RE agent/broker friends have asked me if I'd like to get into staging, and it seems like I could get pretty steady work from them.Since this is new territory for me, I thought I'd ask you all what your thoughts are on the challenges I may face, pricing structure, etc.  

So rentals yes but also holds for appreciation like land in the path of progress, property you house your business in, property that is used as part of a business etc.  

You can try to Buy Duplexes in the Path of Progress and Hope for some Appreciation in the value of the property over the next ten to twenty years, but, look at Reality.

Progress is being made pushing north of Fayette, but good sales/comps aren't where they should be if you're looking to rehab.

This isn't an appreciation play per se its "path of progress" and you are positive cash flow (after move out) already.

You would want access to all of his records and communications with the DEP and to be kept apprised of the progress, and potentially, if there isn't already an environmental escrow, I would take one and let the LSRP draw from there as opposed to being paid directly by the seller.

I do not touch any of my profits from my properties ( unless they get up to a steady amount, usually 10K for me) this way that money is there for a new roof, furnace, hot water heater, whatever may come up. i just purchased a place and the first thing i did was have the roof replaced, 15K later, i know i am good for at least 25 years, if a storm does not rip it off, but now i know that property better have at least 15K in reserves. take what will be your worst case repair and make sure you have enough, or close to enough, in reserves for that property. but as others have stated, constant inspection of properties and equipment will help you prolong any of that, have an HVAC co. check the systems or a plumber check and maintain the furnace either every year or every other year, check roof for missing shingles or exterior for rotted boards, keeping the water out will maintain the structure within, exterior maintenance is a must.