I want to start investing in real estate within rental properties.One of the properties I’m interested is as follows:- The property is located close to an elementary, a Walmart and a university- The property current asking price is $340,000- The property is 4,778 square feet • 1,194 per apartment built in 2006- Currently the property is currently leased for 750$ each and is generating $3,000 per month - The property has a potential to have the rents increased to $850 meaning $3400 in total based on the surrounding rents being charged around in the market- Estimated monthly cost$2,227- Principal & interest$1,508/mo included with no down payment - Mortgage insuranceNot included since not required by VA loan-Property taxes$550/mo-Home insurance$119/mo-HOA fees$100/moGarbage lawn care and other services-UtilitiesTenants pay for utility bills- $2,250 a month in total on average I plan on living in one since VA loan required me to vacate one apartment...depending on the rate of the income and the amount being generated and with the steady flow of tenants I can continue to get another apartment in the near future- At the moment it is generating $3,000- Since I’m living in one, the amount generated will be, $2,2503000-750= 2,250- Enough to pay off the property expenses and live for free - if I increase the rents based on the location to $850 I will be generating $3400 but again since I’ll be living one I will be making $2550- so 2,550-2,250= 300- $300/mo will be generated in cashflow every month CAP rate of 6.7%- When I’m able to rent the 4 plex fully the total cash flow would be $1,150/mo with a total CAP rate of 9.6%After a year or two of seeing steady tenants and rent increase I will do the same process but this time I will not be living in one generating the full amount having more cap rate within my second property and have my money generated within my job to be able to back up the payments in case of vacancy and repairs- GoalInvest in real estate and have my money generates throughout my income to maintain a propertyOwn 5 properties within 5 yearsBuy 4 plex’s 20 rental apartments in total in 5 yearsIs this too much or should I look for something smaller to start off with, and does this seem like an attainable and realistic goal according to my calculations.

I read the majority of this thread and saw the ample advice.I too am new to RE, 1 rental and actively working on 1 flip. 

You have ample evidence that you have remediated that problem and the buyer can decide if they are convinced it has been solved.Tactically, it is useually better to be the bearer of your own bad news in the disclosures so you get it out of the way and impress the buyer with your thoroughness.

Then when we were able to raise an ample amount of capital we couldn't find enough assets consistently.

Your goals are definitely attainable.

Originally we were planning to buy a home here in Austin, but as we started getting our finances in order, learning and more clearly defining our financial goals we realized investing vs. buying a $650k home seems like a much better route and very attainable right now. 

Wheaton, Strathmore at Bel Pre, Foxhall neighborhoods of Silver Sprong will be mod 400s and have ample space in many cases for a rent by the room strategy.

This property was in my family from homestead times.  It passed from my Great Grandfather to His daughter.  She died intestate. Then her Husband died intestate.  They had 2 sons who had both died childless prior to th...

Capital is still in ample supply with much more capital available to tap through some simple corrective measures on lending rules, yet again insulating real estate. 

Foreclosure with ample room for added value as a rental of flip How did you find this deal and how did you negotiate it?