Think of those hours every day you could be networking, exploring properties, going to real estate investor club meetings, dating, exercising...Find a CHEAP rental though - get a roommate even. 

(I have always liked the Investopedia definition and example of a value trap, http://www.investopedia.com/articles/stocks/08/val... - just change the word "stock" to rental property when you read the article )  It does not make any difference where the properties are located.

If that is the case, consider exploring the ROBS 401k which is a type of 401k that allows one to invest in their own real estate operating company and also draw a fair salary. 

In my opinion we may be entering into the final phase of the housing boom cycle, wonder how long this could last before the next correction.Below is the link to article from WSJ.http://www.wsj.com/articles/wells-fargo-to-offer-low-down-payment-mortgages-without-fha-backing-1464235261

The thread above did explore some interesting angles on partnership percentages, structure, etc that are instructive and highly personal.  

Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.This is also a great place to meet people that can be assets to your business.

Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.This is also a great place to meet people that can be assets to your business.

I'll have to explore the bank considering a rental income a bit further.

Here's an example.I've always wanted to own something by the water so I explored The Shores by Marina Bay in Richmond last summer.  

Here's the rundown on a 32 unit apartment we purchased: https://www.biggerpockets.com/renewsblog/2015/08/19/bought-32-unit-apartment/ and you can also check out an article I wrote on due diligence for apartments: https://www.biggerpockets.com/renewsblog/2015/03/11/buy-confidenceguide-due-diligence-apartments/.