Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

The result for a background check using Zillow Rental Property Manager's site came back with a result of "N/A".

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

My wife and I come from a manufacturing leadership and project management background. 

Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.  

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

I don't currently have any investment properties, but will likely work with a turn-key property managment in the Memphis/Little Rock area.My goal is to build a good cash-flow portfolio to ease into retirement. 

I have 1000 sqft so $250k.if I have no GC and manage all the subcontractors I will not have a Rolodex so have to find subcontractors and I’m sure there are a million other complexities.

My first thing is to start built relationships with realtors and property managers.

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).