I have done one flip as a 50/50 partnership, where I did feel like I was managing more then 50% however we put exactly 50% in each in terms of money.   

I hope this adds a little color to the topic for folks who come across your post in terms of how the private mortgage industry is reacting. 

In terms of OOS investing, like many have already mentioned, it'd be really important to find a good, trustworthy PM.

It is not earning you anything.The concept of thinking in terms of how many houses it will take to pay for a new car, house, boat, jet is covered in Rich Dad Poor Dad.

Thinking in terms of flooding, foundation issues that could void the deal.Thanks!

My investment objective for rental properties is cash flow (and not so much appreciation).In terms of understanding total annualized ROI for a rental property (assuming I already bought it and have been renting it out for some time), my understanding of Total ROI is the following:Total ROI = (Net Selling Price + Total Cash Flow) / (Total Investment Amount), with Total Investment Amount and Total Cash Flow adjusted for inflation.I would then annualize the Total ROI figure by performing the following: Annualized Total ROI = (1 + Total ROI) ^ (1/(Years Held)) - 1Now, assuming that I'm running numbers PRIOR to purchasing a rental property, I've been reading a lot about IRR.

Obviously it's tough to force appreciation in these units, but just from running some quick numbers I'm noticing there's some great potential here in terms of monthly income.Would love to hear from anybody executing on this strategy successfully!

This time around, I will be much better prepared, in terms of funding and experience than 10 years ago.

I've been looking at listings the past couple weeks, and couldn't find an area that I was really certain about in terms of rental income from roommates.

I highly doubt the DC market is going to see too much in terms of a correction; there's a fair amount of money and the stimulus+forbearance, as well as the fact that the DC area has managed the coronavirus situation pretty well, contribute to the likelihood that property values won't sink too much, and very well could continue trending upwards.In the end, you're looking to buy and hold, so as long as the numbers work, you should be fine, even if property values dip a bit.