I would save anywhere from 1 to 2% of purchase price for repairs or 1% and supplement systems with an AHS warranty.That ~330 isn't even including your PM fee.You're probably really looking at ~400 per month in cashflow.  

I will keep the existing property insurance in place a supplement it with a second policy. 

I plan to aquire rental properties to supplement my retirement.

I will be conducting all of my business in New Jersey with the goal of flipping homes to supplement paying down a large rental portfolio.

You will be left with the cards I made)).Mastering Real Estate Principles by Gerald Cortesi (5th edition) - good supplement for your studies.andThe Study Guide for Modern Real Estate Practice (19th Edition) with some notes, scribbles and highlighting.First come. 

That is a high priority for me to develop supplemental investment income from real estate to add with my recreational income so that I can purchase more real estate assets over time.

Collecting supplemental passive income from rentals now is part-time while he is working;Wholesaling and fix-and-flipping is very time consuming, so I can see why it would make sense to want to start renting out properties before being able to devote the time it takes to be a full-time investor.Where it seems slightly "backwards" is that the money to buy the rentals can usually come from assigning contracts and the profits from flips...

Finding an agent that is full time, and not in the business for extra income, supplemented retirement, or just for fun is important as well.

Nice topic/discussion with actual examples on what is required to acheive such a tough goal.I often think about trying to move into cash flowing properties full time but realize how tough it actually is to achieve and work involved.I have a nice supplemental income from it and continue on working on increasing my NET monthly + cashflow from my properties but kind of took a step back and am not trying to do this solely now.

It sounds like you had plenty of foresight early on that RE investing would supplement your retirement.