I ended up with 12 properties and 20k/mo in income after they were paid off.

So not much advice, but feel free to experiment and ask your guests to give you feedback. 

Shows how many BP posters are willing to share experiences and knowledge - especially when the questioner asks “nicely”, LOL.

While each person has their own perceptions of a rough part of town, in my experiences, I do avoid them.  

This will be my first investment property and My fear is that I will estimate my cash flow incorrectly and end up losing each month.

I only recently became licensed, so I would have a long way to go in order to comply with the 2-year experience requirement, but I have been an active investor for 5 years so I am wondering if I would fall within the 3 year exemption, below:- Have at least two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field or a combination of both- Meet the minimum points required for the experience type (e.g., buying and selling your own property, managing property owned by your employer)Thanks in advance! 

I don't see any sense of urgency from you, so no one adjudicating this case would either, or end up taking any action!

Thank you for posting that very detailed experience.

I have never built a home before and I do not have 'construction' experience aside from renovating my own spaces (so i do have experience- just no formal experience). 

Who are you intending on being the end buyer?