My first investment goal -  to generate $2000 from income producing properties. 

Hey every body happy new years...

@Mike Cumbie - I have not considered selling a property as an agent and asking for a higher commission that could produce the same amount of profit as an assignment fee.  

If most of the multifamily properties on your MLS do not produce positive cashflow, yet there is a huge demand for ones that do, by listings properties on the MLS with positive cash flow, you just found a better niche.  

So cap rate is most useful for commercial props because their sale is based on the income produced, whereas the price of a residential is based on current market conditions?  

I began my career in managing multi-family communities from luxury to student housing to single family income producing properties.

I also agree that the typical PM likes to see turnover when they have a leasing fee : throw a warm body in the unit, wait until they screw up, bill the owner for the eviction, bill the owner for the repairs, and do it all over again!

The body was put to use and then started aching.  

I'm sure opportunities will pop up occasionally, but for me that's too big of a region for me to become an expert in, it's not localized enough.What investment strategy(s) do you see in the area that will produce cash flow in the next 5-10 years?

We have great jobs, low unemployment, strong rents and [still] affordable price points to make your dollars produce great ROI.