Jason Leong  ^^I know you said you would hold forever but having an exit strategy is pretty crucial imo..  

I am also a busy professional with a long commute and a family, so I joined BP to find out best way to transfer proceed from our condo in Orange County, CA to out of state (with a 1031).

The decision to accept negative cash flow depends on several key factors:It's crucial to conduct thorough research on the local real estate market.

For instance I own a property in Orange Village which has amazing schools but it’s in 44128 zip, which is mostly warrensville heights.

I second the advice on screening - screening is always a crucial part of renting, but I'd argue even more so when you're living in close proximity to your tenant(s).

I went to live with my grandma for a short time, eventually the family re-united as it was proven my dad's heart attack was from agent orange related sickness which meant he'd be disabled/on disability for the rest of his life.After holding the warehouse job for 3 years, I found myself at age 21, continuing to work at the warehouse in Groveport Ohio (A suburb of Columbus) making about $11 an hour.

However you're kinda comparing apples and oranges as well.

Before venturing into real estate investments, it's crucial to have a clear understanding of your goals and objectives.

This is, for me, a crucial thing to know as it basically determines whether rents can go up in the future.

I dont see anything under 400k tho, that price is gone, my 2 fam was in the 300 range in 2018 and its around 480k ish now. im an agent btw w KW, see my IG > newyourcityrealtor happy to talk. newark is an option, but gonna be rough, just dont go south or cross the cemetery, or maybe West Orange, i just dont think those places will appreciate as much. im also putting in offers in Bayonne, but taxes r a bit high there. even w FHA if ur total is less than 3k a month, u can cashflow ie. its a 6bed 2bath u can rent each floow 1700-1900/m easy even in the roughest areas where mine is