We own and manage two and one is particularly difficult during the shoulder (slow) seasons.

Couple, unmarried, two cats, 50k in savings, mid 30s, credit over 780!

I am most comfortable with long-term rentals, but I would like to try a flip or two to build my capital.

But again, dedicated crews drive reno costs down.If you can connect with a flipper in your area (quick out your local REIG) and ask to come along when they scope out a job, you will get more from one or two trips than from a dozen books. 

I am still living in Chicago but plan to move to New York in a year or two.

@Mohit Gupta  depending on number of occupants your regular insurance can cover it, read the policy, ours covers two roomers. 

Just my two cents, good luck!

My business partner and I bought into it  quickly saw its limitations then just as quickly canceled our service  within two weeks.

It’s part of the qualification criteria, and any problematic tenant should be revealed by speaking with two or three prior landlords.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.