All North DFW has the highest appreciation while South DFW will be giving you the better cash flow.If this is your first rodeo, then I would suggest to be close home if you are also planning to self-manage.Then the age of the properties and access to highways.

I'm reading up on books and articles on how to do this but sometimes it's easier to join social groups or talk to people close to me that have done it before.Right now my goal is to get pre-approved for a loan and to learn from others.

I have a deal on a triplex in Spokane, and i feel it is a good deal, does anybody have time to answer some questions?

Analyze properties that need only minor updates and start small to manage costs and gain experience.

But  he said he still has to report it as a loss to the insurance company.

There really isn't enough information here for someone to give you a proper answer.What you need to do is calculate those tax savings over the next 5-7 years (or however long you plan to stay in the house) vs. what the interest rate reduction will save you over that time period.

First-time poster here.

They should be able to direct you much easier than any of us. 

That's never the case here.

Hey Selena,It's fun to see you here on BP.