This is because the more advanced level metrics like IRR and NPV apply to properties that are valued based off their income stream.

I've only recently started listening to bigger pockets podcasts, and reading about real estate. my vision is the same as most people on here, which is multiple passive income streams, one of them being real estate. it doesn't take a genius to figure out austin real estate has a pretty high barrier entry to market, with a lot of big fish.. that being the case, I'm wondering what would be possible ways to enter the market (eg. foreclosures, gentrifying neighborhoods, off market properties, etc.), and potential strategies to look for and assess these deals.

I want to start doing buy and holds as soon as I have enough capitol for my first one and would like to get to a point where this is my main stream of income.

I am back to reading, listening to podcasts, audiobooks while I'm driving so that I can start building my passive income stream through real estate.  

I first came to BP through looking for ways to build alternative streams of income.

The profit on the flip will be miniscule and I would prefer the rental stream vs paying the commissions and taxes.   

I also look at the value of the stream of cash flow.  

In the future, we would like to get into multifamily to build up a passive income stream.

I'm looking to retire in the next 12 months, but at the same time, having multiple streams of income is not something to dismiss.What are the pro-con list of the PM world?

For me, since I've already deployed the majority of my personal funds into assets, my motivation is having OPM on individual projects which allows me to leverage that capital to increase my income streams while providing my partner a profit and exposure to the process of acquiring and repositioning distressed debt.