@Darrell Shepherd I've commonly heard of 90 days before you could sell it again and profit "x" amount from it, but 60 would be even better.

I have an initial goal of attaining $3,000 per month ($36k annually) in income derived from real estate investments in order to supplement my full-time job.To kickstart this post, I thought I'd ask some questions to the community that I've been pondering over the course of my real estate education:First, market timing: I have the sense that the Dallas market has been on the upswing for the past several years, accelerating even more rapidly since the announcement of several major companies (including Toyota) moving to Plano.  

Let me be real clear that this property was so unique that it would be a gamble as a flip, so it only made sense if we were going to either a) live in it or b) rent it or c) do both, live in and rent it.

What is the sense if we are in a twenty year Deflationary period like Japan just went through because we are doing exactly the same things that Japan has done to try to "create" Inflation?

If the numbers make sense, you can always find the right people to support you.

Judges aren't allowed wiggle room to use common sense and the penalties are steep with an automatic judgement of 2X security deposit + court cost and the tenant's lawyer fees. 

If you really want to get a sense of where to price your unit, you can ask a real estate agent, search through Zillow for 3-bedroom apartments, or even check out rental or sale listings in person.

In my head turnkey makes more sense long distance but I am still gathering info.

So there are 1) very few scenarios where a deal makes sense, and 2) hundreds of other investors scrambling for the same deal when it does exist.With regards to short sales...A short sale is a long and drawn out (and often frustrating) process, and is not for the faint of heart, or for wholesaling, in my experience. 

I really enjoyed the discussion from Jeffrey Tayler about increasing cashflow for rentals - he had some really good ideas that make a lot of sense.