I do have a great credit score but if you see my last posting above with @Upen Patel maybe you can give me some thoughts or a different approach. 

This is where the real estate professional designation comes in -- if you are designated as a real estate professional by the IRS, you can use depreciation to take a larger loss than you would be able to if you didn't have real estate professional status.See this for details: https://www.irs.gov/pub/irs-pdf/p925.pdf

Hey everyone,

Posting for a sanity check - Any response will be greatly appreciated.

In addition the real estate investment journey in flipping/whole tailing (no deals to date, still on the hunting mission, we’ll...

The name of the game in this approach is cash flow.

There will be unknowns with both these properties, but I'm at the point where I don't even know what to look for (or am slowly learning) or what questions to ask if I did approach the current owner/realtor/etc., and I figured a great way to learn would be to just jump in with a couple example properties instead of using hypothetical properties.House 1: https://www.redfin.com/WI/Eau-Claire/430-Ferry-St-...Well-maintained tri-plex.

Originally I’m from northern VA but moved to Cincinnati about six years ago for my career as a design engineer in the aerospace industry.

I have a design background so I'll be more than ready to get to work on the rehab. 

@Pinaki M.Cap rate is designed to be a valuation metric which has little to do with interest rate.

So how would millennials like my self, approach the market with little to no money?

I am looking at some potential properties in Tacoma, WA. I am new to REI. My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get ...