We do Self Storage mainly, but the above fits your background better.  

I mainly bought the large house because I had 3 three friends graduating from med school and masters programs and were getting jobs in / near the city. 

I cannot afford for my first investment to not work out in my favor so believe me when I say investigation in my main concern right now.

Upon closing on the deal, I plan to also conduct another visit to address the logistical elements of getting everything set up and finalized. 

My main criteria is purchasing below market value, with a 12% or better ROI.  

I actually consider the property management company is one of the main members of the Core 4.

My main advice there is not to DIY things when that will set back your completion date too much -- with so much potential income waiting, those are expensive months!

So my main questions are: Should I sell my current home now or in a year?

i see that notes focus on cashflow as the main underwriting metric.

Hi all, new here at the forum and thank you all for all the knowledge you guys share…its amazing.I am interested in this question as well as we just got back into this from like 10 years ago, few things have changed for us, and the main one is finding deals with whole sellers, sometimes the price looks good, but once we add numbers we are currently seeing that everyone else in the deal makes tons of more money than us….for instance, we have checked properties now, where we pay closing cost, interest on a portion of the borrowed money, commissions after selling the property, etc and we see 30-40k going out on all of this,  then we barely make a 20k profit or less on a property of 200k …many of the deal we found we barely get close to a 10-15% of the initial purchased price, which to me sounds like a lot of hassle and my wife says that i am getting old and too picky :)i keep saying that ideally we should shoot for 15-25% profit from the purchase price…if i get a property at 200k and the rehab is 50 and everyone else makes 30k then we should at least net out 30k as well.