I bought my first house (primary residence) in 2013, fixed it up while living in it for 4 years and sold it in 2017 for a decent profit. 

Ultimately I sold all my out of state rentals simply because the return is very dismal. 

The best learning tools I would recommend are:  Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DOListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to networkStart analyzing deals to get practiceEngage more on the BP forumsAll the best!

Hi all. I’m in the process of completing my 75 hr pre course for my sales license. My husband and I are also looking to purchase flips and buy and holds. I’d like to get a new laptop for work purposes. I’ve seen som...

There is an upside of over 100k once all 3 properties have been sold.

Surprised nobody has mentioned that you shouldn't be using a cap rate to determine your offer.This is a residential property since it's under 5 units and it's value is strictly based off comps.Look what other comparable 4plex's have sold for and then decide your offer based on that.It could very well be that you're just in an area where the price to rent ratios don't make sense.

This will also help you avoid paying taxes (no property has been sold) while ensuring you are building up your asset base. 

Multiple offers sold at $5k over asking within 72 hours of list (could just be my awesome marketing and sales skills too). 

Also note that if the property is being sold for a much higher amount than it has in the past (often if it hasn't sold for 20+ years), there is a good chance that on year two your taxes will increase substantially as the county records the new value.Insurance figure around $1,000/year for a $100k price, or around $1,500 for $200k.

A duplex in the area just sold for $192,000 at 1800 sqft.