Most people who list and sell their own homes with no experience as an agent crap the bad in fantastic fashion.

Purchase price: $212,500 Cash invested: $50,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Hi Jada and Welcome,I believe in coaching for some people and not for others.

Given that many people have said the average price to build in California is $200 and above per square foot, I became worried.Do you think building a 2-bedroom, 1-bathroom home measuring 550 sqft is feasible at this cost?

Hey BP people, I created a spreadsheet to help underwrite and analyze airbnb and short term rentals. 

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

They told me that they like to lend to people with solid experience.

Most people prefer a detached property with some land on it because they're easier to resell than a duplex one.

If you don’t have enough capital for some renovations, then maybe A) go for a more turn key place that you can finance for your first propertyB) Live in the worse off rental to start and fix basic things yourself.C) look into FHA 203k loan maybe?

They will not use the income if you don't have those lined up by closing.Tons of people do this, and I also did the same thing earlier this year.