. - Have enough (take home after tax pure cash flow) from my properties to match my current w2 net income ( which roughly 7500$ to $11000 monthly)- Not create a lifestyle where I am so immersed in my real estate investments that I cannot enjoy life.

. - Have enough (take home after tax pure cash flow) from my properties to match my current w2 net income ( which roughly 7500$ to $11000 monthly)- Not create a lifestyle where I am so immersed in my real estate investments that I cannot enjoy life.

Purely from a numbers standpoint, the deal looks good. 

Have you thought about a specific sub market you want or is it going to be purely on numbers and what’s available currently for sale?

Been looking to get in the game for a little while now and ran across a potential investment by pure luck.Was originally looking at single family residential to start out with rentals.Commercial deal came in to our laps:$310,000 purchase price4 retail store fronts(3 rented to a cafe, 1 to a boutique)2 apartments rented out upstairs1 vacant apartment upstairs(biggest of the 3 residentials).

You should definitely have an inspection and appraisal contingency as a first time home buyer, but you could always include an inspection as "purely informational" meaning that you can still walk away if you find something in the house, but you will not negotiate given what is discovered.

The condo will rent for $300 pure cash flow once rent it which I am excited about.

We are looking at larger 3BD/2BA for opportunities to convert extra rooms/finished basements/garages into extra beds/baths.We noticed if the rent is about 0.5% of the total property value, we will be about breakeven for pure cashflow at the following assumptions using BP's Rental Calculator (e.g., $500k property requires ~$2500 rental income to breakeven): 5% CAPEX, 5% vacancy, 5% repairs/maintenance, and 8% property management (we have something worked out with our property manager)Here are our questions:-Would ~$600/room be a competitive rate?

Great point - most PMs can be pretty bad at the asset management side of an investor’s portfolio and just focus on pure play property management responsibilities.

The plan is purely financial.