My immediate goal is to acquire our first property and spend the next two years mastering the basics of real estate investment. ( Refining the Go and No property search criteria/ Learning the value of taxes and avoiding them as much as possible/ 1031 exchanges) Depending on my wife’s career orders, we may remain in Baltimore for 1-2 years, but I’m also exploring opportunities in West Texas, Sierra Vista, AZ, and Houston, TX.

Every time I change cleaners, I spend at least 3-5 hours retraining on my processes and expectations and even then things are missed.

Unless you are planning on investing in your back yard and have extra time to spend, getting a good PM is very important.  

So basically $2M annually.So I could spend $200k and make $24,000 in a year, or I could spend $200k and make $2M in a year.

@Heather Bailey Wow thank you so much for spending your time to help guide me!

I have a goal of being able to spend time with my daughter and family.

I know when I was an active Broker my SOP  was get listing open escrow with buyer to be determined and order the preliminary title report prior to spending money on marketing someones property..

Little to no rehab/capex spending was needed.

Company overhead - you will need to spend $5-$10k per year on taxes and company overhead. 5.

A client of mine recently invested there and raves aboutt the ease of finding solid contractors who stick to the budget.One piece of advice: before jumping into any market, spend time understanding the local economy, demand drivers (like job growth and population trends), and the landloard laws.