.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

Purchase price: $35,000 Cash invested: $38,000 Another flip ready in the market. https://www.zillow.com/homedetails/4467-Sims-St-Columbus-GA-31907/76572533_zpid/

The MHC space on the other hand is saturated with lots of well capitalized buyers all pursuing patient, well-informed sellers looking to obtain the highest price possible. 

We agreed, and then they informed us after the fact that the cost end up being $2,000.00 because it was "so dirty." 

The purchase process so far as been very simple.

Purchase price: $88,000 Cash invested: $25,000 Sale price: $179,900 I got this deal from an agent who was initially going to list it publicly but thought of me first.

@Dwight HenningRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Nobody who has been purchasing section 8 rentals for 2 years and doesn't understand the costs associated with operating these assets sustainably has any business investing other's money.

Hi Simon in Jacksonville, Florida-Congratulations that you and your wife are in a position to begin your real estate investing career.You would like to discuss your investment strategy and build your team and are sharing investment information with your wife and trying to get on the same page together.I work with many husband and wife teams.

There is no reason a Property Manager should keep that information from you.