Their 10% cap rate valuation was even less than the town’s market appraisal to determine property taxes.

I've been told my breaking even was costing me money.

Go on FB groups, or even call those numbers from the bandit signs.

Real estate can be an excellent investment, but ensuring you can comfortably manage the payments is vital, even if you encounter negative cash flow periods.

Hey guys I am investing in Dallas Forth-Worth & Tampa area Long term rentals and I’m doing section 8 also , I am getting property with hard money loan , remodel them, and  then re fi them for 30 years , I put around 45-65K for each property I have 4 properties that cash flowing $300, $500, $1000, $250 per month I wanted to get into Multi Family - 4 plex, 6 plex and up even 8-12 units as first deal.  

Stay curious, be proactive, and enjoy the learning process.

Basically seeing break-even at 75%-80% occupancy.  

What does that even entail if self-managing?

I will have to pay the depreciation recapture taxes down the road but even paying that will be better than paying up front the conversion taxes.

You might even do this for a year.Don't worry about not seeing the apt before you lease it.