He's a Medical Doctor and earns around $300k plus per year, PART TIME! 

.; traveling nurses, doctoral students, etc.), and your DP is minimal...then yeah--200-300 cashflow might be OK (but, you'll need to run your CoC numbers to know for sure).But if the property is C or D class, in a C or D neighborhood, and the tenants will cause you endless headaches, and the property requires rehab and/or has looming capex, etc....then, no, $200-300 may not be worth the hassle.There are properties that I know would cashflow THOUSANDS per month, but I wouldn't touch them with a ten foot pole because I know that the headaches the property and tenants would produce just aren't worth the money...Also, you mentioned that you think higher rents and appreciation are in the future for this neighborhood...if your plan DEPENDS on higher rents/appreciation in the future, you're not investing, you're speculating.

Thus, you might end up spending your financial freedom money on doctor bills.

The lines are not very sharp and one can argue about the cutoffs but thats the way I look at it.Another way is to think about who would live in that neighborhoodA: Doctors, Lawyers, ExecutivesB: Nurses, salespeople, other white collarC: Truck Drivers, Retail Workers, Construction, other Blue CollarD: Welfare/Section 8/Drug dealers.

A bunch of my clients are Doctors.

2 very easy solutions for you1- go and rent a rug doctor and clean the carpet in your child's room2- go and buy yourself a nice room sized area rug and just put it over the old carpet.

I truly aspire to be a Doctor one day, because my heart has always been in Medicine.

I am a doctor and I want to invest in a deal but I have no idea about the process).Thank you for suggestions.

FWIW...I had 2 millennial doctors living next to me.

Pot is such a weak drug, the current hysteria about how pot should not be legalized in some states by conservatives is ridiculous, some are even against medical use ( even while doctors are prescribing Oxys to people who say they have pain) Honestly pot mellows people out, it is better to have a pothead for a tenant than a drunk who is breaking doors and punching holes in walls.