Bob, who is a jack of all trades, is a deacon, owns an ostrich farm and has started a few clinical research labs in his life, also owns some rental properties.

Think about your age, your stage in life, and your income and tax situation.  

I suspect you thought you would be staying in Nebraska and life threw you a curve ball, right?

If you are looking to be financially free and live off the investments forever; look for syndicators that plan on doing “legacy plays” where they rehab the property, refinance and hold onto the property for life.

A market is said to be healthy if the vacancy rate is around 7%health

Still can't be touched, being a college kid and getting a 3.75+ is the easiest thing you will ever do in your entire adult life, period.

(real case)But I'll take any day someone who filed bankruptcy for medical bills - people not going to die because they were not able to pay $100K for a surgery.That's why I meet every tenant and talk to them about everything: job, family, dogs, weather.....lolI want to get their character and life in general.I almost took application from a woman - she was nice and sweet and her income was sufficient with no evictions etc.

I typically input 8% in the financial calculators before I purchase a property but some are better than others in real life....

(To avoid PMI the entire life of the loan.)

@Shawn Dawson define what you want from life.