@Sundiata JacksonYou are going to need to save at least $1800 ($150/mont) a year just to deal with the eventual roof replacement, water heater repairs and furnace maintenance.  

I am interested in wholesaling, buying and leasing and eventually flipping. 

My goal is to eventually have $1 million in passive income per year.What are your thoughts on this strategy and what set backs do you see my encountering along the way?

My family recently moved to the Jacksonville FL area, and I'm looking to start a part-time business in real estate investing that will eventually lead into a full-time career change.

I had roommates paying the rent and I eventually refinanced to get the mortgage to $700 and I get $1400 a month rent on that one. 

Response rates aren't that high so you need a large sample size.2) Don't forget most people don't hear results until the 3rd-5th mailings so you need to stick to it3) Unless you're super small, you'll need software eventually or you'll ineffectively spend your time writing each letter individually, stamping, and mailing.

You would find something eventually. 

The result is water running down between the cabinets and linoleum, now you have wet sub floor, discolored linoleum and eventually chasing down mold issues.

The parks usually represent a lot of low property tax assessments and create a headache for the muni's so they are glad to see them go.Buying one on a corner where I could eventually sell of the land for development,develop myself, or do a JV sounds interesting.Buying rural or weak suburban just for the cash flow unless you live local and are building a legacy portfolio doesn't make sense.

Then eventually buy and hold.