Like John said, it depends on a ton of variables. i worked at the state, so it wasn't hard to match my income with cash flow 😂, but I am probably doubling or tripling that number now. 

The tenant took the landlord to court and got triple damages.

If you haven't rehabed a property before, take how long you think it will take, and triple it!

The utility costs rise over a point at which you can't increase the rents so your costs go up and profit goes down.This is why seller paid utilities I would have to get the property ultra cheap if I could not convert and put on the tenant.Another interesting component to this discussion is triple net properties.

Is the property on a triple net lease or is the landlord responsible for all repairs??

There are many professionals in your situation.Wanting to invest in real estate but do not know how to get started.A competent real estate broker can help you determine investment goals and direction.Gurus will suck you dry in fees,boot camps,manuals,etc. and most of it is regurgitated junk.I am not a fan of the multiple house scenario.Unless grouped closely together you run into economies of scale issues.I much prefer apartment buildings or commercial triple net leases or retail strip centers for income.You can also invest with a hard money lender and just get your returns that way.There is risk in anything you do.The goal is to minimize it as much as possible.Do you just want to own property as a tax shelter to lower your income tax bracket??

I expect to triple my rents during Memphis in May.As for the TK ripoff, like I always say, a TK transaction is no different then any other real estate transaction (simply speaking from the buy & sell part).

Once that money kicks in and the market comes back (obviously will start with renters) you will triple your money at least. 

They are very informative the help me get my triple decker.

Syndications, Turnkeys, Notes, Triple Net Commercial, and Hard Money Lending are the top 5 Passive Wealth Strategies for Busy Professionals I've identified after talking with experts across the spectrum of real estate.