First I would always start with the end in mind.

That being said, a lot of the traditional rules like 2% and 50% don't really apply for me.My property doesn't come close to the 2% rule, or 1%.It's important to keep in mind the following -- The expenses on my property aren't really much more than a multifamily that is worth 10% of my property's value.

Also, plug into a reia or meetup group or any other like minded group of people. market market market and network. these are the key to re investing. if i can be of help, please reach out.Happy investing!

What attracted me to BP was the network of people who actively participate in the forums and wanted to connect with like-minded individuals.

Just something to keep in mind since I was looking into the regulations for AirBnB in San Jose (I'm not an attorney or an expert on this, though).

RE investing is a relatively new dream as I was taught in my formative years to work hard for the “man” and max out your 401k to reach financial independence while my husband was raised in a more real estate minded family, so we make a good mix.

Keep in mind, when you're a one or two man show, you wear a lot of hats, so you're doing a million different jobs (deal finder, GC, secretarial work, etc.) - what's a "reasonable" amount to pay for these services?

I'm applying for a HELOC tomorrow, I've made up my mind!

Will definitely keep all this information in mind.

So if you are planning to self manage or self lease, I would keep that in mind.