@Allan Fisher The first thing you need to determine is what are your goals and objectives in real estate investing. then you need to decide what you really want to do and what your role will be.

I'm a Chemical Engineer by study and have recently transitioned to a Sourcing Analyst role over the past year and really enjoy what I do now.

For most investors, SF is the vehicle of choice for capitalizing on appreciation and market trends as it will likely result in a higher net worth over time.My rule of thumb: buy single family if you're interested in playing a more active role in analyzing and capitalizing on market trends (buy high, sell low) and if your goal is net worth. 

Just goes to show how much persistance plays a big role in the grind. 

My thought was that it could be picked up for $113k today on a lease option, the lease could be sublet to a tenant who will pay the mortgage and provide cash flow, it is in a market where prices are rising, and when it is time to exercise the option to purchase the value of the house would be higher than the $130k comps are showing today.  

) - Vacancy rate is 8.33% (I believe this is conservative for the area) - Insurance increases up to 3% each year after the first year - Property tax increases up to 2.8% each year after the first year - Condo fees increases up to 5% each year after the first year - Interest rate increase after 5 years and stay steady at 4%I am not sure if if it is a common practice to look that far in the future, since it forces me to make a lot of assumptions.All I know is that it's a fun exercise and it gives me an idea of how much of a rent increase I'd need to make this happen (in this example, a yearly 1.3%).I still have a few unanswered questions that I'd like to hear your take on: - This specific townhouse I'm looking at is part of a low income area, is it something I should be afraid of?

I get anxious being that person that never gets started, but I can definitely see how much of a mental exercise making your first deal is.

I guess the slogan “never stop improving” doesn’t apply to management’s customer service practices.”At this point you have two choices: tell them off or exercise patience.As a real estate investor, you have to master your emotions.

While driving, walking, or exercising, listen to the podcasts and ask questions on the forums. 

You are jumping in over your head I think, don't even have the cash to get the financing plays a big role