I turn into a pumpkin around 9 and would still have to drive back to Rockland County.

Some benefits I have noticed while househacking in my triplex:- I am at the property daily and can stay up on any maintenance and issues without having to remember to drive by or check in with a property manager- Rent collection is as simple as a door knock.- Tenants generally will be less inclined to try any funny business because they know you are right next door (or above/below them)- It's more conducive for learning as you go.- More favorable loan and insurance terms for an owner occupied property.There are also downsides such as:- Less privacy- Blurring of the landlord vs neighbor relationship- Can be harder to be the "bad guy" on things because you see your tenants often.

you can buy a list from list source or drive for dollars.. you wanna look for absentee owners

It's doable with the right action, drive, and support.

So, in other words, everyone is a potential investor unless the following factors apply: 1.

We have zero experience in real estate but have the drive to learn and hopefully make a wealthy living of it.

I would like my first property to be in driving distance from me but I am also interested in going out of state.

You don't happen to know a guy in Paris TN who drives a yellow Pantara do you?

How would you measure/analyze that deal i.e. what factors would make it a winner for you and make you pull the trigger?"

For SEP and qualified plans, net earnings from self­employment is your gross income from your trade or business (provided your personal services are a material income­ producing factor) minus allowable business deductions To learn more about self-employment income rules, see the following. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center