In retirement, real estate will be pretty much your only available tax write for what I anticipate to be significant income when you combine ss plus your 401k and other investment streams etc.I look at my businesses as additional cash flow that help to accelerate my rei and do not count on that cash whatsoever to live.

I am working with a prospect and anticipating closing a deal for 15-20k under land value.  

I'm just wondering what I should look out for that I might not anticipate.

I think he mentioned he had a couple multis that were not performing as well as anticipated.

Just be prepared for the work, it will be more than you initially anticipate.

I went to Texas A&M and currently have my RE license back in Texas.After years of anticipation, I am FINALLY financially close to making the dive into investment properties back in Texas. :) With that being said, I would like to reach out to local investors as well to learn the dos and donts and how to be successful both with rentals and flips.

Big Picture - replace income, her language says "if we want to do that we need to replace $XXXX a month and we would anticipate XX-XX number of SFH to accomplish that").

Sure it has some things going for it but it also has some big city problems (notably drugs and gangs) that most don't anticipate in a community if it's size.

Do we accept putting additional cash into our first deal or do we keep our eyes open for another deal.Original Offer:Price: 153k ($31k into the deal)Anticipated rent: $2,000k/monthOperating expenses: $9.4k / year (includes management, cap ex, vacancy, taxes, insurance, etc.)Cashflow: $4.2k / yearCash on Cash return: 13.68%The appraisal came in at 146k and they raised some very valid points on why the property was not worth 153.  

Similar results can be anticipated if you "squat" in a parking space that is not yours.Renting a parking space is a commercial lease and would fall outside residential tenancy law.