DO NOT SPEND MONEY ON ANY EDUCATION YET, 95% of what you need to know you can learn for free.Step 5: Figure out how to live off W (less then you earn)Step 6: Open a savings account and put your savings into it (X+Y+Z)-W= S (Savings).  

Not only did i save about $80k i also learned lot of new things.

Hindsight, I probably just should have done all the interior finish work myself to save money.  

My wife and I have been saving money and paying down debt waiting for the market downturn.

Hi BP,I've heard too many horror stories on property management companies that are not doing their job properly (i.e. do not provide best advice on hazards, termites, do not try to save money when it comes to minor and major fixes around the house and in general do not act as the owner proxy and serve his best interest).From one hand, for 10% (especially on low income neighborhoods) I realize (but not understand) that I can not expect property manager to take care of my house as its own.

After All of my monthly expenses (mortgage, maintenance, utilities, allowances, food...etc) my net income is 3k, which I funnel into my savings as of now until its full funded.I also have $33k in my 403b.

A vendor bounced $16,000 in checks to me which caused issues, 2-3 months without an income using savings to survive (barely), Irma trashed a $36,000 contract; you get the picture.I've never missed a rent payment, the house is going to be left in better condition than when I moved in.

If the property has under market rents, cost savings to be had, and other drivers to blend the cap rate up besides annual rental increases then they will look into the 4's for going in cap rate.Lately more focus has been on student housing and senior housing as cap rates seem to be higher and potential for rent growth over time seems to be better versus regular multifamily is almost peaking for rent to income ratio's. 

I put an offer in on a 3br/1ba condo in Dorchester and the HOA was run pretty horribly, I just am wondering if there might be room to save money on what the building is paying for its insurance.Thank you so much!

You may want to split what you do with your extra money, at least until you have some cash saved up.