If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

If you are coming in with 235k, you probably would not need much more, if any, to make the purchase.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Just start and make sure you buy the RIGHT property.

Good morning Carl, @David Krulac is right on the money. 

It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.I have changed my rental strategy to Co-Living (rent by the room).

He became a contractor, worked hard, and grew a successful business that produced a lot of money.

There is definitely more too it than just the money that goes in.

I bought my first rental in June of 2024 and have had a tenant that has been making late payments since day 1.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner.