And I believe @Brandon Turner you can correct me but it was one of the QUICK TIPS!!!

Finance and leverage are the most important tools in this business and your limiting your options.For my personal investment strategy I pass on any home that requires flood insurance.

Hopefully you find the right tools here to make some good "buys" that result in the passive income you're looking for.I highly suggest looking up the 50% rule and the 2% rule (rules of thumb).

I started to think that we should use this very unfortunate situation as a learning tool for us by looking at it as an "investment deal gone bad" and doing what we have to do to get out of it.

Today they told me 25%, but it used to be 20%.The mortgage rate for this mortgage is residential, between 2.5 to 3.7%I will be probably looking at 6 Plex in rough shape with higher cap rate since I like to renovate instead of paying for others renovations.thanks for the tip about cambridge, I actually saw a nice 5 plex for 400K, with something I really like: 2 bedroom apartments. thsnk youFilipe

@David Krulac - what's your #1 tip for finding a tenant that will stay in there as long as possible?

I realize that Mahhattan is a very extreme place to start REI, but any tips or hints for someone young living looking to start ASAP, is greatly appreciated!

A few tips..You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box.

Any info or tips would be appreciated.

(or as an extra negotiation tool for you.)