This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Normally, you need to earn no more than 80% of the area median income to qualify for those programs.Speak with your banker or broker and good luck!  

Managing and owning property is a constant process of losing the battle to win the war. 

Currently neither of your Existing/Potential are earning 8%. 

For the first few years, I would focus more on the experience you gain than the money you earn.

The only thing constant in life is change AND ultimately the only thing we control in life is our Response to what happens.  

If a wholesaler can still profit while provided “full disclosure” and adhering to the rules and regulations of real estate licensees then they’ve earned their profit.   

Then, with what they don't cash out, they can put into a centralized lending platform, and earn up to 8%.

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.