I currently run a service business i started 11 years ago and plan to transition from it to commission RE sales to replace the income and go full time in RE well before rental cash flow could support it and so that the investment properties I acquire over the years aren't being cannibalized by needing to use the cash flow for monthly living expenses.

This allows for us to work with a seamless transition from acquisition to demo to rehab to sell/rent.

@Cara Lonsdale  I appreciate the input, it's helpful bouncing things off of the knowledgable BP crowd :)Any further thoughts are appreciated.One other question I just thought of, how to vet a new PM and how to transition from the old without hard feelings.Ok, that's 2 questions....

Is it near mass transit?  

I definitely understand the positives to buying, but because I'm relocating, not a seasoned investor, don't have a network/team in place, need a place to live in the next week, and prioritize a clean, successful transition both at work and at home, I will be renting in a neighborhood I feel comfortable in to begin.

Personally, I've got one SFH and one duplex and want to transition to larger MF after owning/managing both. 

It was the easiest way to transition existing tenants to the new policy.

I'm middle aged and been working but jobs are becoming sparse being in Portland, Oregon which is going through a huge transition.

I do have an LLC that I started in December with my partner.I have a FT job, but I'm motivated to do deals now, so I can resign by the June 2018 and transition into RE full time.I recently went to a 3 day training, but they were asking 5 figures for a mentor!! 

I expect that we will purchase at least one RE in 2018.If a crash comes then we will likely purchase a large multi-family to transition to less active RE holdings as we want to stay in RE but with less hands-on RE.