You also better know exactly what the lease situation is and you better account for any deposits paid by the tenant to seller.

I have an initial goal of attaining $3,000 per month ($36k annually) in income derived from real estate investments in order to supplement my full-time job.To kickstart this post, I thought I'd ask some questions to the community that I've been pondering over the course of my real estate education:First, market timing: I have the sense that the Dallas market has been on the upswing for the past several years, accelerating even more rapidly since the announcement of several major companies (including Toyota) moving to Plano.  

If you take into account that rent will continue to increase over the years while your payments remain the same your cash flow will only increase.

They have no skin in the game at all.The PM should have REQUIRED the deposit from you if they have the executed lease, otherwise how can they account for it on move out?

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

@Scott RaleyEvery week I analyze every single 2-4 unit property on the market from Placer County all the way down to Merced, and run all the numbers like 1% Test, CoC Return, Gross Annual Yield, etc.

I plan on funneling the cash flow into my retirement accounts as I got a slow start after returning to school later in life.

Thank you very much for the information @Dave Holland and Account Closedundefined

Have a primary Team of experienced members to help you with those things you do not know.The primary Team members are Attornies, real estate Agents, CPA's (or accountants), Inspectors, General contractors, and Handymen.  

If so, what information served to be the best piece of information; Phone Numbers, new addresses, emails, social media account info, etc.