Running a fancy Class A downtown luxury apartment is far different than a 50 year old building in a low income area. 

For better or worse, either exiting tenant has the place cleaned or the incoming will do it (I never ask the incoming tenant, it just works it way into the conversation). 

.$6,000 for strategizing supposing you have a monthly 30 minute phone call is $500 an hour.If the cost is $10,000, and your tax rate is 35%, they would have to decrease your taxable income by atleast $30,000 for the cost to justify the cost. 

This can help you get started while your income/savings are low.

I would probably start with a 4 unit property using a DSCR loan, which will still be based on the property rents and not your personal income. 

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

The reason is that you are paying a 10% withdrawal penalty AND income tax on the money.

Yes i am a Christian just so you know.Well my goal in real estate us to supplement my retirement income by doing AIRBNBs.

If they don't set it up correctly, they could lose a lot of anticipated income and have to foreclose.Disadvantages to the buyer include, if it isn't set up correctly and the seller dies, ownership may be in question with a long painful lawsuit.

Should I count on rent going up in coming years & count on the condo appreciating?