Clearly identify what you want to achieve in real estate and use that as a guiding force throughout your journey.

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

I’d love to hear your thoughts on strategies to achieve breakeven or positive cash flow in the long term.

At the pro forma income, the cap rate would rise to 8%, which is more reasonable but only achievable after renovations.

Focus on getting your finances in order, setting achievable goals, and finding a mentor or local real estate groups to guide you.

What are you looking to achieve in the short, mid, long term?

@Veronique Leroy No, I don't have any...but I'm having a hard time visualizing the type of property that will achieve those returns.

That's their whole game!

I bring sales experience from selling RVs and have always been interested in real estate investing as a way to generate income and eventually achieve time and financial freedom. 

I than thought it was tenants, all the "what if's"; what-if they have a fire, what-if there is a shooting, dead body, drug raid, break-in, squatters, feces art, etc etc etc.....