We're ok to make longer term investments but ideally cashflowing a small amount now.

To report this, I fill out Schedule E which will show the total loss (negative value) which then transfers to 1040 Schedule 1, Part 1, Line 5 as negative.

I like @Lynnette E. suggestion of buying a used (basic) fridge.

It would be ideal if the current owner or his property mgr would handle this for you.I would also get a copy of the current lease for your records/review.You may want to discuss with a lawyer about what recourse you have with the seller.

Ideally we would like a conventional loan with a down payment of 5%.

Ideally I would want to be close to the first property I invest in because I think that would make for a better first experience and I think it’s safer but the properties in the Bay Area are just too expensive.

Also ideal for BRRR's.

I know where I want to buy the house the ideal location, and also the next area if the ideal doesn’t work out.I have also decided that I do want this to be a long-term rental for students in the college area and even for those in the medical center area.

Finally, don't put much stock in metrics like 'views' or even generic e-mails from potential tenants that ask if the property is still available.

Aloha e, Bleys.