I've been put on to BP by a friend and have been eating up all of the podcasts and listen to them on my daily commute! 

Bad tenants can eat through your 50% expense budget, while good tenants can keep you in the 20% range. 

As far as I understand (I am not a CPA), the seller finance portion would be considered a boot if the seller dosent fund the 1031 exchange account with fresh cash from his own pockets.

Painting with a fresh color according to the season Lessons learned?

Fresh Direct is headquartered in the Bronx and would be great for something similar.

Fresh Direct is headquartered in the Bronx and would be great for something similar.

I too am fresh in the game of real estate investing and looking to buy my first property soon!

Unfortunately, this would oftentimes eat up the entire profit margin of the short-term rental listings.

Plus contacting real lenders is great practice in and of itself.In terms of repairs, from what more experienced investors have told me, they have yet to find a property which needs *nothing* at all in terms of upgrades, even if it's just a few new GFCI outlets in the bathroom, new cabinet fixtures in the kitchen, new living room carpets, or a fresh coat of paint. 

Like Riggies mentioned, University H. is one of the more decent areas of the Cleveland but the Tax can sometime eat up your cash flow.