Quick lesson on Band of Investment Cap Rate:LTV x Interest rate = Debt Cost+Equity x Equity Yield Desired = Equity ReturnDerived Cap RateExample:(80%LTV) x (4.0% Interest Rate) =            3.20%+ (plus)(20%equity) x (10% Desired Yield) =         2.00%Cap rate need to achieve above =             5.20%Hope that helps.

This site is a gold mine to get you where your heart desires in RE.

Or, a triplex, in a much less desirable area, but with a cash flow of nearly $550 per month (50% rule). 

I definitely understand the desire to be free from stuff.

Furthermore, if I find a flip but it is not in your desired location then that leads to even more frustration.

There is almost no expansion room in desirable areas so urban sprawl is almost non-existent in Las Vegas.• Job quantity and quality - The value of a property is no better than the jobs around it.

I am confident I can get the property under contract low enough to make a healthy profit, but I have concerns about financing the deal, even with hard money.Here is a rough break down.ARV 200 - 210k - desirable neighborhood.

I desire to spend a lot of time with him and a regular 9-5 job gets in the way of that.

But I'm clueless on materials, paint colors, most desireable flooring. 

I desire to know the proper steps to begin my journey in real estate investing with the least hardships any suggestions?