I like the idea of having consistent passive income from a rental but it seems like alot of investors make more money quick by buying property, fixing it up and selling it for a quick profit.With a good credit rating, how much could/should one expect to come up with out of pocket for his/her first investment?

I've grown to a point that I am looking to streamline my business, and its worth giving up my equity for the consistent low hassle payment.Remember, also, one of the major downsides of carrying notes is that your equity will only decrease from that point on.

Pick a weekly meet up and start going to the same one consistently.

Therefore, you would multiply by 0.7 in order to get 70% of the total revenue which would be your NOI.

“A good rule of thumb that I use to start with is that I take the number of occupied spaces and multiply this by the average monthly space rent and multiply this by 70 (The "70" number is an arbitrary number based on my experience in evaluating deals).”

Otherwise they have to live with it.We had one guy that owed $2800 in back rent then abandoned the wife & daughter & moved in with the GF & told us "to go forth & multiply".

You just have to be driven and consistent and know how to cold call. 

It has been consistent, unchanged, for ten years.

In the past 3 years, I have been blessed to accumulate a small portfolio of multi-family properties (3 duplexes) and 1 single family town home that has produced me consistent cash flow in excess of my lifestyle expenses.

It’s the delta that affects it (assuming the makeup of the material is consistent in both cases).