Just remember location really matters in real estate, what is going on in a micro level is often times more important than a macro level report. cheers

It sounds like you either live in Murray Hill or have an extreme affection for the area on a personal level. I

Short Term (1-3 years):- Sell current property - Class A home, can make equity on sale, but rent level is too high for comfort (too risky)- Year 1: Purchase first "House Hack" property (duplex)- Year 2: 1 Duplex (Stretch Goal: 1 multifamily)- Year 3: 2 Duplex (Stretch Goal: 1 multifamily. 2 flips) Total Properties: 4 rentals (Stretch Goals: 6 rentals, 2 flips)Medium Term: (4-7 years)- Year 4: 3 Duplex (Stretch Goal: 1 Duplex, 3 flips)- Year 5: 3 Duplex (Stretch Goal: 1 Duplex, 4 flips)- Year 6: 4 Flips - begin preparation for year 7 goal (Stretch goal: 2 flips)- Year 7: Trade 3-4 initial rental up for an apartment complex (Stretch Goal: need to identify sizing for initial goal, then shoot for higher target as a stretch)Long Term (7 years+):- Needs developed.

Sorry my english is not great I am a overseas investor.Thanks for your reply (if you understand my question) Adrien, the  value at the county level is normally significantly less than the market value of the property.

The reason I say this, other than experience level, is that 30K is a marginal budget for NPN investing. 

Now I have some perspective and can make a choice as to what level I want.For the owners, a good PM can save your butt.

This goal is subject to change as I learn more, but it's where my comfort level is right now.My biggest reason for being here is to learn more.

Also, being so close to Cincinnati and Newport on the Levee there are quite a few people looking to rent in that area

We did HML origination's and that business is still alive and well and will continue to be .what your seeing is that the Guru's got into the How to business and they focus on buying existing notes from either owner occ seller carry back type or other commercial assets.. and then of course buying NPN .. all of these are very different.. and like my investors back in the 80s made 12 to 15% and note investors today make 8 to 12 on perfectly good performing notes and if you get with a proficient broker you always have deals.. what many talk about in the NPN space is finding stuff with very high potential returns.. but they take risk and those are complicated and the risk level is much higher.. its logical the note is already bad... :)So just depends on what you want to do and how aggressive you want to be and what your risk tolerance is.. and then how much time and effort do you want to put into this .as for notes compared to rentals done correctly notes are far more passive simply because you never have to deal with tenants or cap ex or any other things.. risk in notes is you have a default and you have to foreclose. there are some note funds out there were they do the heavy lifting for you.. those can be options. 

Since I already have a buffer of $2,500 in the checking account, I take the $2,500 left over from this month and transfer it to savings.I repeat this until my reserve is built up to the level I want.