@Bill Gulleyso how exactly do you define a "real estate operator"?

FHA Inspection called for egress window which was a surprise so to make it quick we upped the purchase price to $196000 to cover the $2000 price for egress window.Total rent is $2700 and my mortgage is $1226 so once all operating expenses were added in I am cashflowing about $950 which for my area is awesome since most multifamiles are at 6-8%  Cap Rate and my property was 11%.I financed using FHA loan putting only 3.5% down because my plan is to move into a unit for a couple of months do renovations to get the rent up and then buy another multifamily and repeat.So there you have it and I am very excited to continue building my portfolio but I know and will reiterate the point that you can spend all your time learning and dreaming but once you make that first step it suddenly turns into you running and making your dreams come true.  

Hi everyone, I operate in the Columbus, Ohio area and have located a few properties that I will be looking to rehab very soon.

You would definitely need a good property management team or a turnkey operation on the ground to be successful though.I’m in Colorado and I haven’t seen the kind of Cash Flow opportunity that Cleveland has in Colorado.Best of luck to you.Robert H.

For me it was in helping to organize people out here in Korea, helping to connect investors in Korea with people in the US, and helping investors / operators organize their business and marketing systems. 

If you want to increase the value, you get your Net Operating Income (NOI) up.

The capex expenses, new A/C, new roof in the timeframes you estimate, combined with normal operating expenses will eat up your profits for sure.However, there could be an appreciation play here.  

I will have a property manager that handles all operations/financials and my self directed IRA will receive all income and pay all expenses.

She definitely would not prefer to live over a house full of young children, but as long as the current tenants don't have children she is not operating outside of legal limits.  

Learn real estate before trying to deal in real estate.Your insurance agency is a great affiliate operation to real estate, be even better if you got your RE license!