You mention some big expenses coming up soon so maybe you should focus on saving up for those.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

@Eduardo Palma We host a meetup on the 3rd Monday of the month that is focused on multifamily investing at Sully's House, 1501 N Dayton.

Convicted felons dragging a lifelong record but with good credit can be exceptional tenants because they know that you have immense power in the relationship.

@Connor Burke on paper those numbers look pretty good (assuming you're focusing on good cash flow), but have you considered things like the quality of the neighborhood.

Let me explain.My focus when I started out was "Cheap" Cash Flow Positive properties. 

Focus on the logistics of actually doing the fix and flip or hold.

My focus right now anyways is small multi-families.

We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

The state does have the power to claim eminent domain regarding the expansion of a college so long as the owner is compensated fairly based on market value.