Hi Richard, Do you currently own/operate LTRs?

Been a while since I had a "lead" call in and say they expect to quit their job off cashflow of 1-3 assets. 

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Do a nice job.

@Gregory R Ley, I think you are doing a good job so far!

You have a job that keeps you busy, but you want to start creating wealth through Real Estate.  

This shows that the Fed is prepared to lower interest rates if the job market suddenly deteriorates or if inflation drops faster than anticipated.

First of all, amazing job!

There you can build up your skills even further and these jobs can pay a lot if you are producing great results.  

Newbie investors talk about how they are going to get rentals so they can quit their job.