Being flexible to stay in budget is crucial.

Branch out to neighboring cities or even go out-of-town to scout for properties that best suit your budget and goals.

I have started to budget for a down payment but at this rate, I would not be able to achieve that first property for 2-3 years and due to personal reasons, I need to get started ASAP. 

Now I'm no economist but when there is a recession or contraction in the economy usually travel and vacation budgets suffer.From the paper cited in the article:"The property types expected to provide the strongest inflation protection are the ones characterized by short-duration leases, or by rents linked to revenues.

Get rid of debt, build a budget, and save.

Get rid of debt, build a budget, and save.

Get rid of debt, build a budget, and save.

To your point - we budget about $125/month per property into a maintenance account - so for us about $3,000-4,000 a month for various repair services, and this number really holds up well for us.  

@Hannah White hi Hannah, the voucher amount from the housing authority is what they deemed to be her max budget based on her income.

Have constant outbound and good KPI's to see what lists/marketing campaigns are working best and how the monthly budget will be allocated.