With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.Good luck with your search!

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion. 

My son (age 24) however, is an independant contractor / self employed and is trying to buy a house. 

. - if I use my cash, the investment needs to generate > 5%.

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.

Once completed, the property should generate between $60-$100,000 a month.

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

Quote from @Brendan Jones: I am very new to learning about real estate and am looking for advice on my first home and how I can best use it to help offset my mortgage and generate cash flow.