Everyone's goals are different and not everyone has the desire to build a real estate empire with thousands of units, but I do and this is how I have began.Everyone has their own profit margins and parameters.

., while others become much for desirable.

In addition, there have been influxes cash (tax returns, side hustles, accident settlements, profit sharing, etc) that have put say, 15- 25K available to invest.The desired investment originally, was to buy SFH turnkey out of state.

DOM can also be an indicator of desirability.  

My real desire is to learn the ins and outs of real estate and how i can use this venue to build long term wealth.

You will certainly be shut out of desirable large Metropolitan areas and wind up concentrating where anyone can do a GRM, CoCR, 1% rule, etc. which are really, non-sophisticated, non-complex calculations.Once you can understand and use IRR, you can evaluate ANY Investment.If you want to evaluate only Cashflowing Investments using IRR as an example, you set up a series of cashflows which only has the `10 annual Cashflows of the Investment over the 10 year holding cycle.

I want to avoid having a listing agent give me the best comps and leave out less desirable properties.

Brandon Turner calls this the LAPS funnel, get some Leads coming in, Analyze those leads, Pursue those leads, and you'll reach Success.I'd consider the BRRRR strategy as well, this would accomplish your desires to fix and rehab rental properties, obtain long term rentals, and recycle the same cash/lender on deals moving forward.

We are based in Austin and with a desire for cash flow, we are looking in the Temple/Waco areas.Would anyone be able to share the monthly rate they are earning from properties in either of these towns?

Bryan is a little better, but most of the deals that will cash flow are in less desirable neighborhoods.