Hi BP Community,BackstoryFor years I've heard my father tell me that if he could just unload his real estate properties he could finally "retire" or at least be a lot closer to retiring.

My father-in-law is a potential partner.

Also I agree on the REITS being a low ROI my father in law is kinda just pushing me into trying to invest in REITS.

I have a client we will call Bob who is fixing his father in law(we'll call Mike)'s home and selling the home for an inflated price after the remodel is complete.  

Long story short is I want to buy a multi family home 4 family would be ideal but a duplex will be sufficient if I can find the right deal, for my first property in NJ I would love to see 1k a month positive cash flow, I am looking to take a investment property loan and put down 25% and upon research I'm seeing hat I need 2 years property management experience in order to use rental income to qualify, while I don't personally own any investment properties both my mother and father own several units which I am 100% a part of helping manage and repair when needed.

Long story short is I want to buy a multi family home 4 family would be ideal but a duplex will be sufficient if I can find the right deal, for my first property in NJ I would love to see 1k a month positive cash flow, I am looking to take a investment property loan and put down 25% and upon research I'm seeing hat I need 2 years property management experience in order to use rental income to qualify, while I don't personally own any investment properties both my mother and father own several units which I am 100% a part of helping manage and repair when needed.

Hello fellow BP forum goers,My father and I have recently started looking into AZ multifamily properties.

1) I'm looking to have ideally 80K annually but 100K-120K would be bonus points.2) I expect to live to about 80, at least based on how long my father has been alive.3) I don't mind being hands on.

My father and I own a housing foreclosure business and a property inspection business, but the foreclosure business is bleak right now due to the nature of the market, so minimal leads. 

I'm suppose to take over a landlord position on a home from my father, but the people who live there don't really know how to use a computer.