It was basically a gut job.

Im willing to do cosmetic repairs up to about $20k but dont want to deal with a gut job.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

I make about 70k a year from my salaried job and my friend makes double that.

Once we got to about 20 rentals we quit our full time corporate jobs and now manage our rentals full time.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Client rents that house and makes 1k monthly profit, plus has a really good paying job.

However, I think some upcoming life changes may be the right opportunity for me to dip my toes in the water in real estate investing.I live in Pflugerville, TX (25 minutes from downtown Austin) and will soon be moving to Portland, OR, for my dream job.

Have a steady 9-5 job but looking to branch into real estate investing as well.