In fact, we have two tenants (two house) in California that came into financial difficulties and both had one of their cars repossessed.

Connect with me here on BP and I will let you know how to get vacant or financial distress leads for your market.

As rent increases with inflation, the rest of your numbers will follow.If buying a condo, thoroughly review the financials and make sure reserve account balances are in line with the most recent reserve study.  

You can try dominion financial and mention my name.  

Over the long haul, I like to look at using IRR and time value of money, which includes the whole process of buying, income/expenses and selling the asset.

Ideally, I would like to start flipping houses once my wife is finished with school, for more financial stability in case my first deal is a flop.

Hi all,I recently decided to start my journey towards a more stable financial future and after reading some books and looking in to real state i stumbled upon BiggerPockets podcast.  

Were the late payments far enough in the past that they indicated a temporary problem that is now resolved, or are they recent and indicate a deteriorating financial condition?

There may be some truth to that, but people who are consistently plunking down $100K in cash didn't get that money by being financially illiterate.

You can be financially independent by the time you're 30 if you save and invest wisely in real estate.