I'm looking to supplement my income, and use it to buy more properties down the road.I figure by selling the condo, and the $50k I have in savings I can start putting $40-50k down payments on places before the rate hike happens later this year.  

I just wanted to supplement my retirement, not get rich LOL. 

I'm not quitting my day job either.....just one property at a time for now, as supplemental income.By the way, I had never heard of Bigger Pockets until I started searching around to see if other people were doing this….then I stumbled onto a modular flipping article by Mike LaCava.  

We are estimating and hoping for a appraisal of around $130k after everything is completed when we go to refinance again.Like I said when i started this thread my goal is to get into rental properties to help supplement our income.

Now, I don't necessarily want to just walk away from a great career, instead I want to supplement my normal income with passive income.

There are many reasons but just to list few - economy of scale (more scalable, all the expenses will spread over a larger amount of the units), financing you can get a commercial loan with many advantages (assumable, options for supplemental loans ..etc).

Ultimately I would like to 1031 exchange for a nice-sized apartment complex somewhere to supplement my retirement income from the Navy by the time retirement hits in the next 15 years.

REI is a great way to supplement the 1099 or W-2.

The sellers are a retired couple that will use the home sale to supplement their pastor's retirement.

The reason for my interest is that my ultimate goal is to acquire and manage a large number of rental properties, and i figure that managing some third party investments could be a good source of cash flow to supplement rental income.My question is - What types of licensing is required to operate a PM company in Louisiana?