Hello all,I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk.

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

Unless you bought in D class, very low appreciation area, you should be sitting pretty. 

My plan is to use a low down payment conventional loan, and with the factors you mentioned, it’ll likely be tough to find a property that breaks even.

Conversely, a new built A class SFR, in A class market of significant growth via a well laid out planned city development, great schools, area people are glamouring to move to, a-class tenants, very very low risk.

Flip side, for a third of that you are trained to find properties using creative finance taking over existing low interest loans that cash flow and you are buying in decent neighborhoods with every day lunch box Joes that have kids and go to work and pay rent on time. 

When we order the appraisal everything will come up so it will need to be listed correctly or else the 1007 will come in low.3.

Zillow says its worth $240,000, which I think is low, and would rent for over $2,000.

And the GP got cash, and low reported gain.  

I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.