.$150 x 12 months = $1,800If you put $45,000 into real estate as a down payment, you are looking at a 4% cash on cash return.I would consider this decent.If you put $20,000 into the deal, the cash on cash return is higher and its better.If you put $200,000 into the deal, the cash on cash return is lower and considered worse.However, cash on cash return is not the only return you should consider, you should also consider appreciation.My benchmark is trying to achieve atleast an 8% return between appreciation and cash flow.Best of luck!

Your wish list is more like a $350k property in Lakewood, Cleveland Heights, University Heights,Shaker Heights, et al.It's time to re-evaluate what is most important, and then work backwards to figure out the locations where you can achieve the desired result. 

There are other, more ambitious, risky, and difficult, ways you could achieve the same end goal.

What adds complexity to our plan, is that we live in Minnesota... ...How challenging is it to meet the material participation hours needed to achieve active status?..

It takes time and patience, but the long-term benefits are well worth it.I’ve personally gained invaluable knowledge, listings, and deals from friendships I’ve built over the years.The more people you engage with, the faster you’ll achieve your goals!

Reduce the federal budget deficit to 3% of GDP, achieve real GDP growth of 3%, and increase U.S. oil production by 3 million barrels a day by 2028.For real estate investors, these plans could mean major changes—and opportunities.

However, in areas with little appreciation, all investment capital must come from your savings.Summarizing, a city where you can achieve and sustain financial independence must have the following characteristics:Significant and sustained population growth.A pro-business environment with a metro population >1M.Rapid and sustained appreciation.If a city doesn't meet all these requirements, achieving and maintaining financial independence will be difficult.

[Click the image to see full size.]Real estate investing is for achieving financial independence.

I don't want to name the REIT we dislike, but if you want to talk more about this offline shoot me a DM.As far as investor profile, it really comes down to someone's individual circumstances and what they're trying to achieve. 

Best advice is to have a lender and an agent working together to help you achieve your goals.