Hey all of fellow Aussie's :)On another note, I just booked my tickets and will be visiting the great land down under this year from March 1st - March 9th.Anyone that's in Sydney and keen for a catch up, please drop me an email via my signature below.I'll be doing 3-4 days of meetings and spending the rest with family an friends.Haven't been home in over 3 years so really looking forward to the trip :)ps.

Seems perfectly doable and after looking around in south FL I have gathered most people are already into it.The simplest house hacking method is to buy a property with 2-4 units, live in one and rent the others.Up to 4 units is still considered a non-commercial property.This let's you put down 20% on conventional loans and 3.5% on FHA loans.That's the golden ticket for house hacking.Buy a 4 unit using 3.5% down, live in one (cheapest one), rent the other 3.

Again, it all depends on the specific area you wanna get involved with - someone said Read, Read, Read - not a bad idea.Now, here is the ticket - interest!

I would say your capex and your repairs should be 250 total per month unless you know of a big ticket item that needs to be replaced.  6K per year seems like a lot to meBest of luck!

Tickets are 30$ and its gets you a membership to carpoa for the year!.

You might also consider offering passes or tickets to local attractions, such as theaters, museums, and nearby Joshua Tree National Park.

If you're a Jazz fan and want to go to a game my lender and I do give always for our clients every month and I'm pretty sure we could hook you up with some sweet tickets ;) We love helping our clients find awesome rental units and we have a great time doing it.  

@Tim Sutton - I think a lot of the numbers look very solid, if there are no major defects in the building such as weird layouts, or missing elements, then your next step should be to get a close inspection of the plumbing to make sure you won't be replacing all the pipes in 5 years, check the electrical to ensure you have good electrical panels and modern wiring, get a timeline on the life of the roof, and make sure the foundation gets a good look.If these major ticket items are fine, then I would say to get this one under contract and start moving forwards.

Finding those homes that have been on the market for six months and/or have had multiple deals falls through might be the ticket to finding a highly motivated seller.

As long it is A or B class properties, it is very easy to find good management, evictions are relatively easy to do, it has an extremely broad economy (RTP has tons of large companies), has a light rail system in the works, and the main airport now has a couple direct international flights as well.