That will tell you whether the property produces cash flow, or bleeds cash, a fundamentally important question.Assuming a specific amount of appreciation is a gambler's game.

Clearly, there is money to be made purchasing distressed properties, making minimal repairs, and renting them out to Section 8 and VA voucher recipients, but this doesn't necessarily help stabilize a community because the residents have no skin in the game.

Just wholesaling and making money no real game plan.

I would add that with the wealth of information on the web, you can practice just about everything, up to the point of going through with the purchase.Pick a market, and start farming it remotely.

Great to hear that you're back in the game!

It is really a numbers game.

I'm in CA and right now its seems only people with large capital can play this game.

you are waaay more advanced in this game and i honestly don't care that i sound ignorant in this subject because i'm trying to learn, no same in this learning game at all!

Consider checking out your local REIA meetings and teaming up with a mentor to help you get some skin in the game. 

Personally, I would want to have enough skin in the game (equity) so if I needed to unload it, I wouldn't suffer a loss; but that's just me.