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@Jonathan Krystinak...I second Orlando, and our area has tons of properties that are designed specifically for for folks who want to spend some time here, and rent them out the rest of the year.

That sounds like an interesting strategy.

Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

Remember that guy on here whose strategy was renting abandoned property and going for adverse possession to take ownership?

Let's deep dive into how an SDIRA can revolutionize your wealth-building strategy.

@Andy WuBRRRR is a fine strategy, but it is not a cash flow strategy. 

4) each state has different rules, it will be a state by state answer.5) if you are operating the OM company as an LLC, then the LLC needs a designated Broker and the Trust account is maintained in the Brokers name. 6) In Texas there isn't a P<m specific license, it is governed under the RE License.

@Bria Johnson Cold calling is fine and all, but, pursuing only one such marketing strategy won't get you far in the long run.

It depends on how much you want to spend as well and what rental strategy you want to use.