Hello, I am starting out after years on the sidelines. I have been an accidental landlord due to moving around in the military. I have also bought a couple of turnkey properties and realize I can't reach my goals through that method. I live in San Diego and things are very expensive here as everyone knows. I have a small son that makes traveling to other places for RE difficult but not impossible. House-hacking is out of the question for my family (long story here, not relevant). I am listening to the messages from BP sources and want to start with a small victory of a SFR rental out of state requiring minimal work to get it rented. From there, I plan to travel to do a rehab and then scale either in number of simultaneous rehabs, quality, doors, etc. That is my back-of-the-envelope plan. I am now committed to this since I have retired from the Navy and my focus can be completely on Real Estate. It's good to be here! I am open to ideas and suggestions for my journey. FYI-My goal is initially to realize a cash flow of $5K/month. Beyond that, my plans are less defined.
