This saved my skin on the exit!

I'm currently helping my aging parents, and I need to be spending more time taking care of them.

For perspective, outside of SF you can easily get a place to rent for 2500 or so, figure another 1500 for day care.

If you’re looking for a single-family home under $200,000 and you don’t care what city or county it’s in and you simply wanted to meet the 1% percent rule, you might be able to find that.

My purpose behind my decision to pursue REI is to gain financial freedom for wife and I, my future family as well as have the ability to make sure my parents are well taken care of once they reach the retirement age.If I had to label myself I’d want to be known as an open minded rental investor for all long term, mid term and short term investing, with the occasional flip for quicker capitol to put back into another rental.

So, cycles happen and we will likely have another down rate cycle in the next few years but it might just be due to another economic issue, so sometimes be careful what you wish for. 

Being cheap about repairs leaves you with unhappy tenants who will not take good care of the property because you don't.Send a licensed plumber ASAP.

Quote from @Azita Nejaddehghan: Young adult, working in health care, living in Virginia (just outside of DC).

This is not a legitimate business or lender.Be careful and happy investing! 

Plan carefully, and you’ll set yourself up for success!