You'll also benefit from tax advantages, potential appreciation, and principle paydown.

You can't ask the lender to take a loss in a short sale, so that the original owner gets the benefit of "repurchasing" their own short sale later down the road at current market value.

hey im glad to see other 20-30 year olds on here with the same mind set as myself. im still looking for my first deal aswell a few things i do is check some of the popular real estate apps religiously every dayive also tried direct mailing on some properties ive driven by in hopes of finding a deal but lately not many people and interested in parting with their properties, but the key i keep telling myself is when you get a door closed in your face go to the next one and keep trying!

We all know that we are paid by the value that we bring, so focusing on being a quality agent is key for me.I've found a way to get addresses for entire neighborhoods in Lexington county without paying for them.

I am literally in the same exact situation as you have previously described (Gf's a nurse, interested in the concept, doesn't deal well with information overload or advanced math/numbers, but truly is starting to understand the benefits of passive income, etc)If you wouldn't mind keeping me in the loop and letting me know what you decide to do it would be much appreciated upon my behalf.

The trailer tenants are really not paying much, so to us it's not really a benefit to have them as we'd like to take control of all the land sooner rather than later. 

So you get a double benefit!  

Originally, I was thinking we'd buy a rental property to live in for the year (which would get us the owner-occupied benefits), then rent it out to long term renters and move back to our current house. 

Jenny,Great question as there is indeed a lot of focus placed predominantly on cash flow that makes the returns associated with out of state appear to be the way to go.However, real estate returns are obtained from 4 areas: cash flow, appreciation, tax benefits & equity build up through amortization. 

You will not find anything turn-key that properly cashflows to your desired metrics/returns.