that's the best way to get started.investing in properties directly is actually not all that passive. 

Both Agent and ownermay cancel this Management Agreement by giving both Agent and Owner a sixty (60) day written notice prior to the end date of the Agreement.The management fees associated with the initial (12) month Agreement and any successive terms must be fulfilled regardless of when managementservices actually terminate.

The cash flow (or actually the net income before taxes) from the property (doesn't matter whether it is a single family or multi) should have a DSCR (debt-service-coverage-ratio) of at least 1.20 or more.

@Julie McCoy, @Lucas CarlI've actually been leaning towards the Smokes just because it's only 3-4 hours away from me. 

We've had to install bullet proof glass, leaded drywall, have a purchase contract actually read into the Congressional Record.

True, but after 15 years, it becomes an actual source of income. 

It's not just making things easier; it's like they're crafting the whole experience into a journey you'd actually enjoy.Zillow's not just stopping at making the search easier.

.: @Larry Batesi'd be cautious with "properties in a lower income area for rental properties"those numbers look great on paper, but the cash flow can be crushed by capex, deferred maintenance, vacancy, collections, and can take years to stabilize Thank you for the response when I said lower income I was actually speaking on the entire town.

I understand you can't exchange with yourself, but if the spirit of the law is to get us to build, why couldn't you put the profit into the actual construction even if you already own the land?  

Once you know what to look for in terms of an investment in your market then you can start speaking with lenders about using that 20k to determine what you can afford and then move into actually narrowing down properties and making offers!