Hi, i had posted few months back, i invest in Cleveland (University heights, Cleveland Heights, Garfield, Euclid).

For a great look at the complexity and variety of property management issues, check out EvictTV.com (some of the topics are Florida-specific, but most of them are universal) - it's not only a great resource, but in your case might be great way to broaden your perspective and figure out where you may need to seek additional experience.

I want to start investing in real estate within rental properties.One of the properties I’m interested is as follows:- The property is located close to an elementary, a Walmart and a university- The property current asking price is $340,000- The property is 4,778 square feet • 1,194 per apartment built in 2006- Currently the property is currently leased for 750$ each and is generating $3,000 per month - The property has a potential to have the rents increased to $850 meaning $3400 in total based on the surrounding rents being charged around in the market- Estimated monthly cost$2,227- Principal & interest$1,508/mo included with no down payment - Mortgage insuranceNot included since not required by VA loan-Property taxes$550/mo-Home insurance$119/mo-HOA fees$100/moGarbage lawn care and other services-UtilitiesTenants pay for utility bills- $2,250 a month in total on average I plan on living in one since VA loan required me to vacate one apartment...depending on the rate of the income and the amount being generated and with the steady flow of tenants I can continue to get another apartment in the near future- At the moment it is generating $3,000- Since I’m living in one, the amount generated will be, $2,2503000-750= 2,250- Enough to pay off the property expenses and live for free - if I increase the rents based on the location to $850 I will be generating $3400 but again since I’ll be living one I will be making $2550- so 2,550-2,250= 300- $300/mo will be generated in cashflow every month CAP rate of 6.7%- When I’m able to rent the 4 plex fully the total cash flow would be $1,150/mo with a total CAP rate of 9.6%After a year or two of seeing steady tenants and rent increase I will do the same process but this time I will not be living in one generating the full amount having more cap rate within my second property and have my money generated within my job to be able to back up the payments in case of vacancy and repairs- GoalInvest in real estate and have my money generates throughout my income to maintain a propertyOwn 5 properties within 5 yearsBuy 4 plex’s 20 rental apartments in total in 5 yearsIs this too much or should I look for something smaller to start off with, and does this seem like an attainable and realistic goal according to my calculations.

My third bank account is a fidelity account which has a 2% universal rewards benefit, and I use that for all of my purchases.It’s a convoluted set-up I have been using to maximize my cash on hand, but I imagine many people may do something similar.My question is does this look bad to a lender?

I have used "Youtube University" to find different methods on speaking to motivational sellers @Barry Pekin

Over the past couple of years we've seen that nearly clear, and with the current global uncertainty I wouldn't be surprised if investors who had interest in branching out to smaller, more up and coming markets, start to fall back on the larger staple gateway markets of NYC, Miami, LA.

The main condo i am looking at is inside of my price range and it is literally across the street from a major university so renting it out later would not be an issue I don't think.

Me and my brothers properties are primarily located in university city and the surrounding suburbs. 

I am just getting started, so I don't have insight to answer your question but I am applying to Georgetown University for a Masters in Real Estate.

Alternatively properties in the greater Nob Hill area also rent really well as they’re close enough to the University but far enough away that you won’t get cheap college students.