There is a lot of great info and a wealth of knowledge on here, so take advantage of it and enjoy the journey!

I am pending on a duplex that already has existing tenants in the lower level, they have been there 3 years, always paid rent, and after meeting them really seemed to be nice people that enjoy living there. 

Let me ask Have you actually been in the house and looked it over with a contractor or carpenter ?

HutchinsonI am a little late to the party here but how did it go with finding a contractor?

Though I will be able to make a comfortable living working my current job alone, I don't want to put all my eggs in one basket nor do I want to work for somebody else for 40-60 hours a week until I'm too old to enjoy the fruits of my labor.I'd love to connect with and get to know who else is investing in this region, especially those of you following the BRRRR model!  

There you can acquaint yourself with other real estate investors and professionals (lenders, title reps, realtors, escrow agents, appraisers, contractors, etc) in your area.Happy to help in any way I can.Congratulations, Samson, and I wish you much success in your real estate investing career!

I am currently working as a nurse and although I do enjoy my job it isn't what I want to do forever.

I am currently working as a nurse and although I do enjoy my job it isn't what I want to do forever.

Then he has to decide if he wants to figure it all out himself, find a team (agent, contractor, PM) and manage them from afar (which means lots of time and energy but maybe better returns) or would he rather pay someone to handle it for him so it's just about passive income building with very little hands-on work (turnkey).Living off the income from $140k isn't going to happen, but it's a great start in the right direction.Best of luck (to your friend ;) !

Hello BP Community,My name is Ron, and I am a general contractor in northeastern Pennsylvania/ NJ/ NYC who is looking into expanding into the real estate industry.