I currently own a condo rental and a boarding house in Washington state, and have been in RE for a couple of years, though only investing for a year.

I have not posted for quite some time and I thought that I would share with the bigger pockets community what I have been doing over the past couple years.

My name is Brad, im 23 years old and i am a new aspiring REI and i have been lurking on these forums for a couple of weeks now and decided i better not lurk too long and get my first post done!

A couple of questions:1.

@Danny Webber sorry for the late response-  I am moving in a couple of days and packing doesn't seem to end :) $200,000 is reasonable...  

After 12 to 24 months, these new residents will be looking to buy, and that is the point at which the mid-range housing market will feel the most pressure.For real estate investors, this news means that it might not be a bad idea to invest in multi-family units, as well as holding onto any fix and flip homes as rentals for a couple of years to see what happens to the prices in their investment neighborhood.

New RE investors frequently try to save a couple hundred bucks by 'doing it themselves', and it ends up costing them thousands in taxes that could have been avoided.Best of Luck with Your Real Estate Investments!

I'm going to cold call 100+ landlords in the area and organize an informal meet-up at the local tavern so I can meet a couple dozen landlords and let them know I'm looking to buy some multifamily properties..The downside of this idea is having to syndicate the money between what I can put down and what the local bank will finance.

Could be a bit lower or higher then that now as I locked a couple months ago

The couple rules of thumb that have bothered me are vacancy and property management (PM).The vacancy rule of thumb is 1 month of vacancy per year.