My mortgage will be $2,005/month, and I’m budgeting up to $600/month for utilities, leaving a potential monthly cash flow of $995.I also set up an LLC and a business account to track rental income and expenses.Questions:Do you have any advice for me as a young real estate investor?

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

I am doing the same right now, have 5 consultation appointments set up as of now. 

Really about growing a strong portfolio of solid deals.Now that being said, if you are a high income earner, well qualified, and can't find reasonably good deals: (i) you can connect with a well connected real estate agent for off-market deals; (ii) you might do a very narrow cost-effective cold call or letter writing.

Hi all,I have been a solo agent for a few years and recently joined a team with the hopes of learning some new things and try the cold calling aspect.

We initially spent about 20 hours getting my accounts set up and organized in Quickbooks.

Typically, we set up entities in the state in which the property resides.

Appeal Property Tax AssessmentsProperty taxes are a significant expense for real estate investors, but they aren’t set in stone.

So, setting aside the cash flow he enjoyed for the last 40 years, he has a profit of $305,000.  

Each deal comes with a different set of surprises even for the most experienced operators.Take your time and don't rush it.