It’s also key to ask about commission splits and what resources they provide, like marketing or lead generation.

if you're using mailers to generate responses, your VA will have a much higher conversion rate than straight cold calling.

I am most interested in doing out of state flips top generate income to roll into investment properties and build a portfolio.

Initially, I pursued wholesaling with the goal of generating income to eventually buy and hold properties.

I'm sure with your responses, I will generate more questions.Thank you for all the help!

If you are in the market as a realtor, particularly at this stage of the cycle, you know how to generate leads.A slight shift in focus from listings & buyers to distressed purchases is the move to make. 

I know it's currently under-rented and believe I can increase the rent to generate around +$500 in cash flow.My questions are as follows:1.

If you had 4 or 5 rentals generating money, then maybe that is ok. 

Now, you have an appreciated first rental that’s hopefully generating cash flow, and a multi unit that provides a roof over your head and 1-3 units paying down your mortgage while all units continue to appreciate.

Multifamily, storage units, and commercial properties are all solid ways to generate long-term income and cash flow.