Secondly, depending on the rehab level I would have a contractor come and look at the property with me. 

I think walking through this at the most basic level is helpful for all the misconceptions out there.

There is also no target right in terms of an asset, and you need that.That's a fair point, I don't want to get in over my head but I would like to get some passive income rolling...I just need to know if there's any actual feasible way to get me started in this business at my income level.

I have property a property portfolio that I would like to take to the next level.

The reason I have all these questions is because I'll direct them at my realtor first, and he will answer high level. 

I used to live in the Indy metro area so I knew the area, not down to a detailed level.

@Joel OwensAs a multifamily investor looking to move to commercial, your knowledge level is so impressive and reminds me how much more complex commerical transactions are.

I understand being very picky with PMs as I probably micromanage mine to some extent but not to this level.

I'm not sure what your situation or comfort level is.

Ever since then I've been hooked on real estate investing and trying to learn as much as I can.I currently work in the Loop and that has been great thus far, but I've realized that real estate is the driver that really transforms people's lives to that next level.