. $100k/year +/- can be a lot to one person, but just barely scraping by for another depending on lifestyle and general cost of living since certain areas are more expensive than others.

@Devin Chong  Just my 2 cents here and bare in mind I know nothing about this deal. :)You have a property that you can acquire for $285k that will have a $420 ARV with only $20k in rehab?  

Barely any negative comments.

@Jay Hinrichs In NJ, we have a Consumer Information Statement that explains the roles of all parties that is supposed to go out on first contact and can be attached to all MLS drip campaigns, but it's another one of those legal things that barely anyone does.

when I find a property, do the math with a 30-40% down, I barely cash flow, break even, but mostly will pay out of pocket. 

They were willing to loan us $1000 for a home remodel 28 years ago when we barely had 2 nickels to rub together.

This will get you licensed and you can do the bare minimum of real estate work, once you find a brokerage to hang your license with.

Here is why...R22 is outdated, the EPA has required new A/C units to run off of 410A (Puron/ it has a pink sticker).

I have 1 rental property right now from 2007 that barely breaks even (obviously not the best time to buy.. ha).

I applied the parameters to other areas such as Memphis, Nashville, Cleveland, etc. and the cash flow is barely positive.