So, here's the question:If you completely ignore the current price negotiations and the current appraisal, what purchase price allows the property achieve the financial goals you've deemed acceptable?

Is the most difficult to achieve, having partners who understand the role of the other partners and trust that decissions made by them are sound and well executed.

I am trying to figure out the best strategy that would allow us to achieve both anonymity and liability protection.

There are some good loan officers out there that will be chained to the bank as an employee for a long time.A license does not indicate a level of professionalism or much of an achievement as it use to.

Most programs out there give you ample opportunity to simply cheat on quizzes/exams to pass their courses very fast.The Real Estate Exam is not very hard and I really think I could have come very close to passing it without any study work and simply using common sense, educated guessing, but there is a lot you simply will not even know anything about without proper studying.If you are self motivated, not very social or care to be, and know you will learn in-depth and want the freedom of being able to do it on your own time then take it online.If you like interaction, and doubt your will power to really study something on your own and not cut corners simply to achieve the end piece of paper result then take classes.I live in Texas though, so we are only one of a few states that seems to actually require any real amount of education to recieve a license.

I will say that its made me even more driven to achieve my goals of getting out of the rat race.

Those numbers can be achieved here and you can expect about 450-550/month in rent.

What an amazing achievement!

If you stick with trying to make $30K, you may eventually find a deal, but you'll also probably lose many deals in the meantime.Only you can determine how to proceed based on your goals and what you're willing to sacrifice to achieve them.

If your goal is $3-5K per month ($36-60K per year), and you expect to make about 15% cash-on-cash on your investment (not unreasonable with a relatively low risk profile), you'll need somewhere between $240-400K invested.If you have more than that, you can reduce your risk profile and still maintain that level of cash flow; if you have less than that, you can still achieve your desired level of cash flow, but you'll have to increase your risk profile.