Are there any tips or advice you guys could give me to become more knowledgeable so that when I do start investing I make beneficial decisions?

Hi Orestes, You might want to talk to a local Architect at this point.You might get a better set of questions and tips from someone local who does this type of thing regularly.Good Luck!

Thanks for this tip and for the explanation.

the  rental income for  present and  future rental income  can be  counted to a certain degree  ...so this should make your  dti ratio lower ......in most cases  rental properties will   cash flow  positively  or at least  break even   from a lenders  qualifying perspective  ...fyi - lenders  will use  your schedule E  for analyzing rental income  for properties  owned for  more than 1 year

@Lynnette E.

For real estate rentals, it's still reported on Sch E of my tax returns.

Any tips and advice are welcome!

Some basic tips can keep you on the profitable path.

What is your best method of determining hot rental areas? How do you do your research and do you ask any leads? I recently moved to NJ and I am interested in buying a rental property in the area of Edison, New Brunswi...

Homebuyers often have a picture of type of neighbourhood they want to live in.  Many at times they may have done their own research before coming for inspection.  Still, you should be prepared to answer specific quest...