Hey BP community, I am new to real estate investing and am glad that I found bigger pockets to help me learn, network, and grow.

" New To The REI World Out Of Dallas, TX"Hello To All In The Bigger Pockets Community!

I processed the application without collecting any fees upfront, I paid for tenant screening service from my pocket.

House will rent for 1550Scenario 1: Pull 85% out, This would leave me with $8,700 cash in my pocket - Mortgage +T+I+HOA = $1,276.Scenario 2: Pull 80% out, I am left with $506 in my pocket - mortgage of $1,223The house is on the newer side so repairs should be moderate, and I plan to property manage it myself for now, but will build that into the equations since i want to eventually get out of Property management.  

@Preston L'EcuyerWelcome to Bigger Pockets.

After listening to a recent podcast on Bigger Pockets and reading a book that was recommended...."

The IRS essentially sees it the same as taking money out of your left pocket and putting it in the right.

This might be when you get the highest price for your deal that will pull money out of your pocket otherwise. 

In my area those are either super run down duplexes or in super sketchy areas.My next plan was to try to find a decent single family home with multiple bedrooms and rent out the other rooms, but I wanted to try to avoid the whole roommate situation.My next plan was to try to buy a condo or townhouse because they are cheaper, but then I am paying the entire mortgage myself for about the same price as just renting an apartment.Do any of these ideas sound worth it and possible with only being able to spend a maximum of 7k out of pocket?

Hello bigger pockets family I have a question about the investors percentage in Memphis tn.