Hello all,I'm currently living in Germany for work (not sure on how long my family and I will stay here but we're hoping for the long run) and own a property (lived in for just over two years) in Northern Virginia, which is currently being rented out (and managed by a PM firm).I would like to own multiple residential properties to serve as extra income and eventually move onto commercial investments (or possible multi-family properties, such as apartment buildings).I'm here to look for advice on how someone in my situation could start pursuing this goal.

It takes hard work, patience, understanding and dedication like nothing else.You will have ups, you will have downs, just stay the course if you believe it in your heart!

Ken McElroy is an outstanding example of an ordinary real estate investor who stayed with it through thick and thin to become successful and I'll listen to him as many times as you can get him to come on.If you could corner him into doing an 'intensive' on any subject related to the apartment biz that would be great too-

Are you staying in the deal with a sandwich lease or assigning it off?

If you plan on staying in the original property the second will be considered an investment property.

I've bumped tenants rents $300-$350 a month before and added an incentive and usually they end up staying.

I do my own projections and determine my own valuation based on after you move.So if you are selling, I am not sure it hurts you to stay, especially if you rent at market rate from an entity.

If they didn't have friends to stay with and had to go to a motel, and ask for reimbursement, I personally wouldn't argue about it.

In very cold weather the return temperature might drop to 150, but it will stay well above freezing.

Like, I would like to refinish the space even if I stay in the unit where I'm living.