This rent level can apply to all types of tenants in both residential and commercial real estate properties.Purchasing a piece of property for investment requires a thorough analysis of numerous factors.

I have numerous rentals in Lawrence, BUT it has pockets.

It never ceases to amaze me how many fast closings require extensions which isn't fair to the seller, and I've seen numerous sellers deny those extensions.

I have talked with numerous Real Estate agents and they all seem to have never faced anything like this.

Maybe start by purchasing a smaller or cheaper property to get your feet wet in investing.

i feel like im at a disadvantage because all the 'success stories' on the podcast had an in, they all found their first properties well below market. there arent any regular people that started out with mediocre deals to get their feet wet?

We have tried everything to settle this in a friendly manner, however in the fall the tenant communicated verbal threats numerous times.

Hey Christopher, Making that first leap can be daunting,  I found the best way to minimize *some* of the mistakes is to analyze numerous properties before you pull the trigger. 

I missed that there is a “Wet”spot in the middle.

@Michael Holtz, great, house hacking is a great strategy to get your feet wet with Real Estate Investing.To answer your questions:* Yes, please get a rental agreement* It is always a good idea to separate business and personal finances* I am not a CPA, but typically you will need to show the rental income for two tax returns before being able to clain it as an incomeBest of luck!