My long time goal is to have enough passive income through rentals ( SFH and then eventually to MFH), so that I can replace my current W-2 income.Background: For past 6 months, I have been learning ( books, podcast , local seminars etc.) and recently started to search for deals.

@Ali Joseph You can just run an MLS search for properties sold recently using cash or a renovation loan.

Or find agent and see if they would do a reverse search on the MLS for recently renovated investor owned homes that sold within the last 180 days.

I'm currently studying for the bar while simultaneously searching for a job, preferably in real estate law (or something related).

You can start by going to www.narpm.org and search their directory of managers.

@Kathy CardonaI don't have any referrals in the space you're looking for but you can just punch in "YOUR CITY or AREA" plus "ATTORNEY" into the search window above and check out a few people's past endorsements to zero in on someone that fits your ticket.

A quick google search and phone call with my insurance agent revealed that this is a huge scam in Florida and it's legal.

As far as management goes, I would search BP forums and blogs for tips on managing a property as an absentee owner.Whether or not the HELOC is a good idea depends on a number of factors.

Good luck in your search!

Other than that IDK the area and good luck with your search.