I aim for small, 1-2 bed units that rent for around 500 a month in either college towns or blue collar, C-class neighborhoods Characteristics and Benefits: 1.Low minimum entry cost2.Virtually no cap on potential gains3.Do not sell old portfolio, but buy additional, similar units4.Appreciation of property value is not guaranteed or expected5.Repairs will slow the timeline, but are necessary6.With minor upgrades, rents could be increased to expedite timetable at a minor cost7.When possible, upgrade to larger, taller buildings with units on multiple floors.

(Read his awesome blog post here... http://www.biggerpockets.com/renewsblog/2014/08/02/passive-real-estate-investing/)How well the strategy works to fulfill your goals depends, at least partially, on what your timetable is. 

Your priority is maintaining the property not catering to the tenants time table.

So since you're sending less off to the IRS this will increase your cash flow on whatever timetable you're paying income taxes. 

Whats your timetable?

It wouldn't be that big of a job at that point being able to work in an open space and on our own time table. 

I'm partial to building lists from the perspective of homeownership timetable of life events. 

Set a timetable and DO IT!

Find out what kind of time tables and costs are also included in your area, make sure you do not take a customer down to path to bankruptcy.

Given my time table I don't plan on do anything in Little Rock, but I will definitively check out CARREIA.