Additionally, rental costs across the state show significant variation, highlighting the diverse living costs within Ohio.

The most education you will receive is when you do your first deal...surround yourself with investors and agents that are investors themselves to help guide you and prevent you from making any major mistakes and you will be fine....there will always be several things that you learn from on your first deal!

Happy to share any additional insight!

Howdy BP,Was speaking with a fellow sponsor who operates all over Texas' primary markets.There is a deal we were looking at collaborating on and he mentioned we could receive a portion of the "promote".

I've reached out to several real estate investors on Facebook for guidance, but unfortunately, I haven't received much assistance.

House hacking allows me to buy a higher valued home.So, if real estate appreciates 5% per year, then a $500,000 property will have $138,000 in additional value after 5 years.

I hadn't considered that they may be rolling in those additional items into the percentage. 

If you don't have the "dough" you don't have the "go".Based on what you are saying you will need 20% down payment for a rental + closing costs + operating reserves (in cash).Most people will not have this--some will do what they need to do to get it--some will not, some can not.A good first step might be to save up as much as you can for a year in a special savings account--by living frugally for 12 months.Then explore down payment assistance programs in your area for first time home buyers of a primary residence--if you qualify (and the home is in a good area for your 'Family" vs Gunshot Alley, then buy a home for yourself and your family.Getting on the track of being a homeowner will give you some additional strength, after a few years of ownership, re-asses your situation.Or work 2 jobs and save the 20% down, closing costs and operating capital you will need, but if you do that and your wife divorces you for it, then you will be in a worse situation than you are now.In the mean time, [1] read Rich Dad Poor Dad, and [2] have fun with your family doing things together (while you have the time), rent a boat for an afternoon, go on a pic-nick, hike in the woods, etc...

The purchase price is $626k, with one unit delivered vacant, unit two currently paying $800 a month, and unit three paying $700 a month.My question pertains to the inspection report I have received, which states that the roof has around 5 years left, and I need to replace the drain iron plumbing to the street, which is estimated to be a $10k job.

The argument is for an additional $35k you would gain an additional $20k on sale.