Another thing I am doing right now is looking for a mentor to help with my strategy, but in the meantime I thought I'd make a post and hear what BP investors would do in my shoes.For my situation, I am 26 and I have a very low income (55-65k annual) for my household and a growing family of 5 to support.

Along the same lines, the buyer who can barely qualify for the entry level SFH is acutely aware of their cash shortage and therefore are going to be less accepting of household features near the end of their useful life, even if still functional and have a stronger desire for anything that is listed as a deficiency on the inspection report to be corrected. 

: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?

If you buy a median priced home in Detroit today ($90,000) and have to put $10,000 - $15,000 into a rehab, you may not cash flow.

Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

.$4 - ARM & HAMMER Super Washing Soda Household Cleaner and Laundry Booster - https://www.amazon.com/gp/product/B0029XNTEUYou need to clip the 75 cents off coupon and setup subscribe and save to get that price.

I work in the Birmingham, AL market which is known to be a great market for OOS investing, due to the median price and the high rental demand. 

The median sale prices for 2-4 unit properties in these counties is $775K.

Average household income in Albuquerque is $83,000, with a median home price of approximately $365,000.

Leaning towards short term rentals to start then transitioning to long term for less stress over time.My goal is to have 'passive' income equal to double the national median salary.now my questions for yall.1. does all of the above make sense?