I am also holding one rental property with the same partner and that was a pretty good deal too.I work full time in biotech field as a researcher, and I would like to go into real estate flipping business full time.

I just thought I might apply it some in this field.

It sounds like a technical position in the medical field or something :)It's awesome to see you got your first home so early in life.

Graduated college a year ago and found myself working crappy jobs after being "promised" that I would find a great job in my degree field.

Asking about REI in a REI forum is like asking what's your thoughts on working out at a body fitness forum.There are too many naysayers out there especially the one that are close to you.It's obvious your father-in-law isn't educated in the field.

I am working in the IT field and my real estate goal is to acquire at least 10 rental properties to generate a good stream of income.

Consider the playing field.

Similar neighborhoods, geographic location and distance to main arteries and shopping/business areas;It takes years to gain enough experience to drop into an unknown area to be accurate and you must begin with knowing the area, the market, the economy and sales trends to obtain any accuracy, otherwise it's a guess.Keep reading, best thing is to go to appraisal sites and forums and just lurk, read the guidelines and the problems they have in the field. :)

You will definitely find investors of all levels and backgrounds on here and even experienced business persons in many of the fields that investors need to know about.

On one hand it reflects the reality that these applications are complex and expensive to develop; on the other I don't think it's good to raise software rates on existing customers.There are, of course, always other options in a growing field of app solutions . . .