I'd like to net at least 6% each year, and the higher end units seem to get me there whereas something like the place I rent and live in now (duplex) are somewhere around 2-3%.

I haven't really exactly figured how much I will need for the business, but I imagine $25,000 would be plenty initially.As a rough estimate, I imagine if I put 20% down + 5% closing costs on a $500k property (what I consider to be an average/nice house in my area), that would still leave me with $165,000 in savings.

The cost to join is nominal but well worth it.You might also check out the Best Conference in Salt Lake City starts April 10.LFI has a one day full day LP presentation the day before the Conference on Tuesday April 9.This would be a great place to start your search.Good luck.One word of advice is you come across a deal where the GP is promoting 8% cash on cash 20% IRR, I’d be very skeptical given the current debt market.

Hey Chris I’d be happy to discuss.

I like that you're being conservative about rent growth and appreciation (In Florida, I'd maybe even go below 3% on price growth), and counting on expense growth -- good job! 

I'd say my biggest mistake was not researching the property manager properly before hiring them.

If not I'd consider that for sure no matter what.  

If that is the case and the other tenants rent a room in the space shared by you, I'd tell the one tenant that you've divided it evenly between everyone, so they are actually paying less than their usage as you haven't factored in the separate fridge and stove that they use. 

Hey Jerry, I’d love to connect and talk more about this.  

For experienced wholesalers I'd love to hear about your worst deal and what mistakes you learned from it.