Things have been positively changing in this city since the 1990s so if you are willing to live in somewhere less popular, the landscape should look very different in 5-10 years.

I will be starting one this summer and am curious if anyone has any cool “tricks” they’ve learned to get more bookings, get positive reviews etc. or if there are any horror stories out there!!

I graduated college last year, and have a full time position in the financial services industry, which is helping me pay down student loans, mortgage, bills, etc, but I am comfortable with where I am at financially.I have found a few people who are as hungry as I am to get into real estate, and we are thinking of forming an LLC.

If nothing else you would have improved your negotiation position substantially. 

@Jessica Geisler, You're in a great position because you have something incredibly valuable to offer him - time and flexibility.He needs time to find his replacement property.   

Every other lender is offering the parents 20% or 25% down and an investment property rate, I'm in a position to offer 5% down and an owner occ rate because I ask that question (or some other question - are you a veteran?

Rental real estate often generates losses for tax purposes even when there is positive cash flow.

It is never going to have positive cash flow so I personally would sell before the property value drops.

Congratulations on achieving the position in life you have already achieved.

Since we make offers based on return, we only get about 20% of that number.I define a good deal as a property that meets the following three criteria: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future.Likely to appreciate over time - No one knows the future but some properties/locations are more likely to appreciate than others.Located in an area where you can make money and business risks are low.Do we buy just based on return?