Related to hot market: although you could wait for market to slow… you will have missed income during that time as well as appreciation that may happen.

What am I missing?

Are there options that I am missing?

@Rob NewsomInvesting in a state with an income tax may require you to file a non-resident state tax return with that state.States normally try to avoid double state taxation by providing a credit for taxes paid to other states.I would say - look to invest where the numbers make sense based on your critera even if that means looking in a state with an income tax.There are 7 states without an income tax - with your logic, you are missing out on investing in 85% of the united states.

Let me know if I missed any details.

One studio ($375/month), one 1-bedroom ($515/month), and two 2-bedrooms ($695/month each)Total gross rent: $2,280Morgage ($550) + Tax ($300) + Management ($200) + Repairs & Saftey Fund ($200) = $1,280So from my understanding, I'm going to make about $1,000/monthAm I missing something?

Are there options that I am missing?

The numbers all look good, I’m just wondering if there is anything I’m missing in terms of location or regulations that would turn this into a nightmare.

Am I missing something and this is like a "well known secret in real estate that no one explicitly talks about" or am I just meeting two shady lenders? 

I’m so anxious to jump in but I felt like I was missing something.