Also, there is no way that I am going to rely on just my 401k (and I guess SS) to fund me through retirement years....plus I can't draw from those until a certain age.

Account Closed Love getting started at a young age!!

Everyone involved needs to make money, and the more people, the more money they will want to make, vs. the less you make.Send over the details of the house, age, age of systems/roof, size, fixture count (beds/baths) and anything else you'd like to share.

The cost approach estimates the cost of replacing the subject and is generally higher than the market value (insurance companies use that to over insure you, LOL) but don't forget to apply depreciation to the cost approach bringing in the difference in age of an existing improvement to a brand new one, look up internal and external obsolescence as well.Many here only consider the income approach when buying a rental, I suppose you can do that with a pig, but when you buy you're buying at market value, so the sales approach should usually be weighted more in the market.

I have been able to go from a full-time job, to full-time real estate in about 18 months at the age of 27.

I have good grades because my parents emphasized education to me from a young age, I work hard, and went to a great high school.

I had wanted to start off with the smaller properties because it probably is the most debt I can acquire at my age and salary (23 / 45K).

The adult seller went to a judge who allowed the sale of the home, as long as the minor's portion of the sale was put into a trust for him when he is of legal age. 

I am in a similar situation but add in my wife and two elementary aged children.

Crime: Just check Fox2 news to confirmMy best locations for immediate cash flow - Dearborn/Dearborn heights/Allenpark/Warren/Ferndale/Livonia/ Royal OakMy best location for Millenials(ages 0-21)Typically if you want to buy a couple of homes for your minor child.Dont really care about cash flow - Probably Detroit will be the best fit