As to your numerical goal, you can certainly exceed that (and ultimately by a large margin).Most would-be real estate investors get distracted along the way but have lots of smart phone apps.

Would it be smart to hold off on investing until prices drop?

You sound like a very smart young man with a bright future.  

As for the mortgage, if you don't have any real income, nobody smart is going to loan you money.

I am out of state and don't know a lot about the Jacksonville market today.The property also has firepit in the backyard, smart door lock, cameras, thermostat, and router installed.

Hi Will,Buying a long-term rental in a new build neighborhood can be a smart move.

What are the biggest hurdles with purchasing in a state that is much further away (Midwest etc) and is it smart for a first property?

Your strategy of re-marketing a 3-bedroom plus office as a 4-bedroom home office is a smart way to boost rental demand and rental income without major renovations.One insight I’d add is the potential benefit of exploring cost segregation studies once you build a larger portfolio.

We get primary residence loans for <10% down, we have the power of creativity, and if we're planning smart - we also have the opportunity to ride the wave of interest rates because we're much less dependent on adjustable rate loans.• If you want to get involved in syndications or passive real estate investing but you don't have enough in liquid cash for the minimum investment, you can use your retirement accounts like a self-direct IRA to do so!

Very smart local Dallas developer also just bought 1500 acres to develop homes.