In my state, tenants can apply for three months of future rent at a time.

I’m in a weird zip code because three of the surrounding ones are about $200 more than what I’m asking.

Cap rate does not apply to a three-family property or any multis that don't have 5 units or more as it is a commercial, income/expense based valuation.

Regardless of how you find them, try to interview at least three managers1.

A realizes gain of $280,000 on the exchange.A's exchange of a principal residence that A rents for less than three years for a townhouse intended for rental and cash satisfies the requirements of both Code Sec. 121 and Code Sec. 1031.

Went down three times a year and let others pay for it. 

Regardless of how you find them, try to interview at least three managers1.

.*** I have been browsing these forums and binge-watching YouTube and BP Podcasts for the last ~4-6 weeks and my wife and I are both on board to try our hand at real estate investing.I believe I have found a deal that works for us, but would love the opportunity to talk through it with someone who knows what they are talking about before pulling the trigger, because it seems like it is a bit outside nearly all of the examples I have seen other people describe as their first deals.The property has a house on two and a half acres that also comes with three rental cabins (they are currently being used as short term rental units).

You're probably looking at a Class D property which will be very challenging to manage and make money on.The critical question to ask the seller is how much is it going to cost to rehab it so it passes City inspections.Recommend you search BiggerPockets for our Deep Dive series on Metro Detroit Ring Cities and city of Detroit neighborhoods.

My issue is that I live in the SF Bay Area (very expensive) and I'm here for the next three years until my daughter graduates high school.