Every investor is different and the shorter the hold, the more an investor should accept the reality of volatility.

One of the most impressing quotes from Long Distance REI from David Greene was, "You make money when you buy a property" and I agree with that 100%.However, the reality is far from the book.

If you think it is just collecting rent you will shocked into reality rather quickly.

As with any investment purchase, understanding all the underlying risks is key to becoming a viable property.Last word: We use the term "bank" as the target of the short sale negotiation, but in reality, there is rarely a "bank" on the other end.

I would say often times listings would put "cap rate #%" but in reality they only factor in utilities and taxes as expenses whereas we should also consider other items such as repairs, capex, vacancy, etc.Hope this helps.

Focus on what will need replacing when rather than on some cold average number that has no bearing on reality and you will be much happier in the end.  

I always thought it was out of my reach, but in reality, it wasn't.

The numbers are maybe a little aggressive for reality, but not by much.

In reality you're most likely going to be waiting a while till you find the right one for you.Hope this was helpful, if you have any questions certainly reach out, I'd love to connect.Dan Powers - Real Estate Agent

Then, when the property doesn't sell for that price (go figure), they finally visit reality island, and set the sale price on what the market is actually telling them.As far as rental comps, don't just look for properties that are currently listed as "for rent".