RahulSouth Suburbs are always very good cash flow generators.

Unfortunately what you say is true, our generation has had it too easy.

Turnkey is great for out-of-state investing or for those who simply want an investment portfolio that generates monthly returns without needing to be hands-on.

I'm interested in investing in perhaps a multi-family dwelling in an effort to leave the renters world and also generate some income. 

My goal is to start investing in real estate and generate cash flow so I have financial peace of mind!

Always leverage your strengths and talents in order to generate additional streams of income that will help you with your end game (which I assume is passive income through real estate investing).

I thought maybe I should get the benefit by investing in a property that he can live in and pay rent to me instead of some other random person. 

Details:*Willing to spend ~$180k; Prepared to put 20% down on a Grand Rapids rental property*Not seeking a fixer*Will need to hire a property management company Goals: The obvious: passive incomeDuplex, triplex or single family w guest unitPurchase a home with tenants already occupying and generating rental income Top-of-mind concerns:*Winters in MI wear and tear on roof, pipes*Cost of property management, costs to heatTenant selection, How-to from Los Angeles to MI*Offer / escrow process How-to from Los Angeles to MI

Owners tend to hold onto them a long time or pass the building down through the generations. 

Property was listed for $129,900 and generated an NOI (NET) of $8540.00 a year, then the cap rate would be 8540.00/129,900.