I am located in the San Francisco Bay Area, and there is literally (close to) nothing that will cash flow positive right off the bat.

The banks up here typically like to have a smaller position the more expensive the property.

As I'm looking at areas outside of Portland I'm finding 2/1 condos for under $90K, immediately creating positive cash flow. 

They are now in the same lien position as the the original.

The MORE UNITS you own, the less losing a tenant will IMPACT your monthly gross income = BOTTOM LINE.

After-tax voluntary contributions do not have that cap and can be made up to the overall plan limit of $54,000 (2017).Having a 401(k) can impact the tax deductibility of traditional IRA contributions.

I'm in a similar position. 

We each have a strong work ethic, and we are well positioned to push each other to achieve our potential.I come to this community seeking advice, guidance and vicarious experience.

So, I am based out of Northern Virginia and property around here is expensive and positive cash flow is definitely a challenge, unless it's done right.Looked at this article, very very helpful: https://www.biggerpockets.com/blogs/10145/68178-to...But have several questions 1- For local investment, since VA is big, can other parts of VA a good option for a rental, especially ones which have a college/university?

For example, the asset may not be in a position for permanent financing due to low occupancy, lack of seasoned rents, or perhaps the renovation and lease-up have not been completed.