If you hire out everything, as oppose to do some of the work yourself, that will eat into your numbers given the competitive climate.

While I've been working on my personal finances, I've been trying to stay as educated as possible so that when the time is right I am ready to dive in.I'm very budget conscious and want to make sure that once I am ready that I am stocking away enough money for my first purchase and want to set an accurate timeline for it.

If you want to play with the whales and sharks you better come with something bigger and more appealing to eat!

If property manager, will eat into your profits about 8%.

That being said, if there's foundation work to do it would eat up that gap very fast since we're short on that trade. 

Yes, I will eat some taxes pulling money out my 401k.

Hi, new to the community and was interested in opinions about the Rochester, NY/broader upstate market (prices and taxes both seem to eat into return prospects) as well as thoughts from anyone with knowledge of the Venice, FL (and surrounding) as well as Mobile, AL markets.  

Prices are going to be very high in those areas and property taxes as well - I here complaints from other investors all the time RE taxes in Collin County and how badly it is eating their cash flow. 

No matter how clean you are, you’re tracking dust around, eating dinners out of a microwave and toaster in the basement, etc.

I listened compassionately, spoke professionally and stood my ground but it's definitely been eating at me over the last 24 hours.