Like I mentioned, 1300-1400 sq ft, 2 story, 2 bed / 2.5 bath / 1 car garage, backyard will be nice (deck, pergola, seating area, stone hardscape, bamboo, hipster lights, but no pool or anything like that) Backyards wont be that big, probably only 150-200 sq ft.I don't see any new construction in that part of 77009 under $300,000 but my partner's concern isn't about our price being right, it's about how many people will be actually able to buy come January and if foreclosures inflate supply in the market

I will be 23 when I finish in May 2021 and want to get started house hacking soon after graduation, as I have experience project managing residential construction, have followed BP and other podcast/ read books for the last 2.5 years, and have some money saved up (I wont buy right after graduation, thinking like 4-6 months in to stack a few more dollars). 

Still working on best solution, wont be able to move forward without starting my job again (im currently furloughed).

Without the W2 it looks like I wont be able to qualify a conventional refinance on the property. 

The last year I have seen many novice investors come into the city over pay on properties by 20k or more reno them with highend fixtures and then try to flip the property for close to 100k over its value or they try and get full term renters ( Renting market is not great here) then the property becomes a airbnb property and all the high end fixtures get destroyed.

You likely wont be able to get financing without regular income.  

I guess you wont find any/as many great deals the bigger an asset gets in size. 

Im hearing from lawyer friends that LLC wont really protect you if reality.whats best approach for a new investor?

Better to just move on now, sell it, say lesson learned and go on, or keep holding it as a rental with hopes that rents might rise (probably wont for this next year at least with COVID, plus we will have it vacant in November and that's a crappy time of year to get a renter) and the property would further appreciate?

Hey everyone, Big Noob here. 21 years old and aggressively saving for my first down payment. Just beginning the process of acquiring resources and learning about rental properties. One thing that stuck out to me was v...