Hello Bigger pockets community, I'm brand new to the real estate game and recently purchased my 1st property.

They are not wrong, but restricting STRs isn't going to change that; building more affordable housing, on the other hand, just may. 

Seller told me "there's no need to scope it, it's brand new!".

However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

My wife's grandfather owned many buildings in NJ and I have seen that 2 generations have lived off of what he did in one way or another. 

I was able to negotiate a package that included the land, some of the materials, and the permits to build it.

It positions you well for real estate success but don't stop there, explore different investment options and build connections with people in the field.

I have project management and re agent experience along with time so I keep coming back to flipping with an occasional brrr to build long term.

Hey David, I would say this largely depends on how many units you have, the age of the building, and the quality of the building/neighborhood. 

purchasing a 2 family home next week. looking to see what brand everyone is using for Luxury vinyl plank flooring.Thanks in advance!