So that is a very nice cash flow.Good luckThe 400/mo cash flow is based on a monthly rent of $1150, monthly payment (principle, interest, tax, and insurance) of $484, 5% vacancy, 8% prop mgmt, 5% capex, and 5% maintenance/repairs.

However, if you're trying to flip and do this full-time and you're new, I'd just diversify your funds into different asset types (blue chip stocks, bonds, ETFs, etc) and like Jay said, look also into syndication deals.

Utah is not the place to invest for cash flow under "correct principles" (1% rule +).  

It's better than stocks and bonds, etc. but let's be real here - You're a 23 year old making six figures, do you want what everyone else can get easily..?

You will need the following;* 25 % Down (Your Funds)* 9 Months PITI in reserves ( Outside your 25% Down) - Principle, Interest, Taxes and Insurance* Closing Costs (5%) Appraisal, Insurance Pre-paids and TitleIf you do not own a current multi and do not own your own home major suggestion is to consider a 2-4 unit owner occupied aka House Hacking to acquire your first Multi Family with 3.5-5% Down.Let me know if you have any questions.Regards,Joe Scorese

This does not mean investing in RE is a bad option or that we should only invest in the stock market.

Even tho i am setting aside cash for investing, i am looking to use that for reserves, and stock piling it in for when the market turns back down.

This is similar to selling shares of a stock or fund in a more conventional brokerage IRA.  

Warren Buffett recently told his shareholders that they should expect stock in his company to lose 50% of it's value sometime in the near future.

I am based in south Florida, I am an  IT guy by  profession and have been in this industry for the past 12 years, up until 2017 the only connection I had with Real Estate is my primary home.From listening to podcasts and reading few books I've realized that Real Estate is the investing vehicle  I want to go forward with, I am not a fan of stocks but funneled money to my 401k all these years just like most other folks do. .