Currently work a day job and have no capital to start off with.

Maybe the 2017 tax and jobs act gets extended, but either way, if tax savings is the primary motivation, don't do it. 

Vitaliy, gave you solid advice and did a good job of explaining some of the key issues.

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

Since I work pretty hard at my day job and don’t have much renovation experience, I wanted something simple—a rental I could put a tenant in and at least break even.

Your job will be to find an investor-friendly brokerage willing to teach.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

They have have done a great job outlining all the possible things that can go wrong and what  can go right.  

(My next visit being Jan 22 - Feb 4)My full time job... 

@Paul Shannon Great job asking about the fee structure.