I've learned that it's extremely important to find balance in this industry as your passion for your business can impact your personal life greatly!

I'm actively seeking mentorship from someone with experience in similar markets who can shed more light on this process.

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

Plus, since 2013, the average annual rent growth and appreciation have been 8% and 10% respectively.In further discussions with this couple, they expressed their desire for both strong rental income and the tax benefits of investment real estate—advantages that are only available with properties in our target market segment.Additionally, their desired retirement home features and the characteristics of a good rental property were completely misaligned.

They would likely be able to confirm that your expenses are reasonable for the area or that your rents are at market rates.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I think it's very dependent on the property and market. 

.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

You may qualify based on Market Rents or Lease Agreement.

The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.