Don't buy into the myth of a magic bullet.

Don't fall for the "cash flow= rent - PITI" myth.

That's one of those myths propagated by those with an interest in you buying and selling real estate.

From photoshopping the grass color to enhancing the blue skies, it happens all the time.

You should consider finishing your profile and adding a photo, it really enhances the community experience.

Please consider adding a profile picture, it enhances interaction with other members on the site.

Sounds like you need to read "The E-Myth" and get some systems in place and running your business for you.

You can likely afford the downpayment (3%) on a FHA loan already or with minimal savings, so if you can find a 2-4plex in an area you like at a below market price with enough cashflow to cover your mortgage and have some additional cash to enhance your savings toward more property, just start looking.Check out Brandon Turner's blog on Hacking Your Housing and listen to the podcasts.

As a pro member, you can do an enhanced member search for the area where the property is.

Many landlords are still being effected my the moratorium on the LTR side.