Just make sure the numbers still work for your goals.3.

I could see hiring a PM once you move out after a few years.

If your goal is to maximize cash flow, look for properties where you can live in one unit and rent the others at market rates.

Just acquired a property in a small North Texas very rural town. No building inspections or permits exist out there. The previous homeowner enclosed the back porch and was using it as a 3rd bedroom. By doing this the ...

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

My wife and I are eager to build multiple streams of income, and we believe real estate investing, particularly in multi-family homes, is a great way to achieve that goal.

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

You first need to identity your goal for the money. 

Hope through this resource you are able to achieve your goals in Real Estate Investing.