I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

Diversification into multifamily also lowers risk compared to a single rental, as vacancies won’t affect your income as drastically.3.

I'm thinking of ways to invest some money to bring me a residual income so I have watched Bob Diamond blueprint on overages.Has anyone tried hus program or currently using the program today.

Maybe 20% is too rich and it's cheaper but I've never shopped property managers.Estimating an additional 10% for vacancies and 15% repairs.Fixed expenses + PM + 25% for vacancies/repairs = $37,996, or $404 left over.Now I'm torn because I could put estimated proceeds ($200K or so) in a fixed income investment and earn that today without doing anything.BUT, it is nice to have the US address as I go international, and if I wanted to come back I'd have a property.

I want to have more rental properties in the future and could definitely use that income to help fund those, but with the interest rates being higher, it makes me nervous.

Vet anyone you get referred online heavily. 

I'm having a hard time trying to find a bank that I can open a business account with online.

If you are purchasing a primary home, income could be a challenge if you work at an office.

Build your network by joining local real estate investor meetups or online communities like BiggerPockets.

It is still a low income area that is up and coming and is becoming more desirable for it's proximity to the aforementioned areas.