The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

My point above is how solid are your financial and management plans?  

Explore remote investing options like turnkey properties or out-of-state rentals with property managers, and use summers or gap years to network, analyze deals, and gain hands-on experience.

These properties are often easier and more affordable to manage.

Starting out in real estate can feel overwhelming, but breaking it into clear steps makes it manageable.

@Daniel Cacho I’m 35 years old, have been in the game for over a decade, own 26 doors, run a property management company with 350+ units, and operate a realty brokerage with a small team of agents.

What is your average rent amount for all properties managed?