In the long run, you should see cashflow go up but you probably aren't going to retire off cashflow in the early years, even if you bought a coupled dozen properties.So, if you want to dip your toe in the water the easy way, start with a turnkey rental. 

This project, located near Shafter, introduces a cutting-edge technology known as Hybrid Direct Air Capture (HDAC), which simultaneously removes carbon dioxide from the atmosphere and produces water.

Purchase price: $163,400 Cash invested: $25,000 Sale price: $240,000A buy&flip project on a Single Family House10K - Flooring, Trims and baseboards8K - Interior Painting3k - Updated water heater, and gas permit2k - Other minor fix, ceiling fan, windows, light bulb, new fridge, and more2k - Holding cost, HOA, and other related utility feesTotal cost of repair - $25k

Does it cover water stains as well as they say it does--in one coat?

Closeups of all mechanicals (hot water heater, furnace, etc.)

Seen some nice places there on AirBNB but feel like a… fish outta water… when it comes to carribean/international investing?

In order to align your goal with theirs you SHOULD pay them a percentage of all revenue - rent, late fees, water charges, parking fees, pet fees, etc.Second, the PM isn't taking anything, they are earning it by doing the things that the owner cannot or does not want to do.Third, I don't know of many PM's out there that actually want higher expenses for the owner.

Would it devastate me financially to get that $1800 bill for replacing a hot water heater ?

If not in the city, and not in the ETJ, then it's a lot easier, provided you can get water (probably need to drill water wells so thats a separate ground water district) and sanitation (some sort of onsite sewage treatment).

I just sold one of my OREO in Jackson MS.. 1 year ago as a vacant house needed full rehab I might have gotten 25k from a local for it.. just went into contract last week with a hedge fund for 71k NET to me they pay all costs and back tax's.. so something is in the water.