The rents cover all my expenses while we live there and an additional $400 a month.My plan is to buy another similar property after I've been here for a year (August 28th 2020) and do so every year until my passive income affords me to stop working for someone else.With my job I spend a lot of time in the car and listen to tons of audio books (Rich Dad Poor Dad got me started) and am working my way up the BP podcasts now.Would love to connect with more local investors who has the same goals as me or has exceeded my current goals!

There's a decent chance that we may do an audio recording of our sessions, but at the moment, I make no promises.I'm sorry you can't make it, Charles Williams . . . keep your eyes peeled.

I've never understood why anyone would want to pay a 'membership fee' to a group when there is so much great information available through books, audios, online, and mentors.

Sorry about the confusion with numbers, let me clarify some things:$84,000 is gross effective income and does NOT include the vacancyUnit mix is 12 one bedrooms at $460 p/month and 4 studios at $375 p/monthThe average monthly cash flow is $504 net p/month total for all units – but that DOES include average vacancy of 26% (averaged from the last 10 months)The current vacancy for this month is 18.75% (3 units vacant) so the current total monthlycashflow is $1,010As for the Expenses:The Operating Expenses given to me were $31,950 for the 10 months.

I renovate and sell single family homes full-time,  right here in Central Florida,  I am based in Orlando,  and live not too far from Universal Studios.

Purchase price: $465,000 Cash invested: $133,000 3/2 House with an ADU studio apt newly renovatedCurrently run as a medium term rentalPure cash flow of $300/monthPending Value adds: ADU kitchenette renovation, and a 4th bedroom which will have it's own bathroom also to be renovated.

It is in a highly desirable rental area near Studio City.As for the condo that I currently live in, it's located in Playa Del Rey and the real estate market is hot there because of many top tech companies moving there (such as FB, Google, Snapchat, etc).

My boyfriend is also a audio engineer and has experience editing and mixing podcasts.  

I recently started to do audio books to see what I was missing out on, because people are always talking about their favorite books.

With a nearly hour drive each way I figured I could make good use of my time and learn through audio.