You prioritize where you spend your money, but if you're trying to be truly wealthy person you start with zero debt(consumer) and start going for quality over quantity.

Wholesale - the selling of goods in large quantities to be retailed by others.  

I also recognize that the vast majority of PM/realtors that are on here (which is a tiny percentage of the overall) are the exception that proves the rule.I was speaking as one (smaller) self-manger to another.

My wife and I are currently living in a TINY apartment with our 1 year old baby girl, and are expecting another.

@Ari LaskyReturns fluctuate based on a number of factors (unit quantity, purchase price, occupancy rate, repairs required, contractor costs, etc.).

Even tiny leaks can become explosive.

I focus mainly in Des Moines due to quantity and potential.

The Entry Only or Flat Fee model is not for everyone and there are a ton of very good and very professional Listing Agents out there that are worth the money .... but unfortunately they are not the majority. ....and Entry Only listings are just a tiny fraction of the market (much less than 1%) so no need to concern...keep doing what you are doing, ethically and professionally and you will always have good paying listings.

., typically has longer term tenants$(1,056) 8% prop. management, although will self manage foreseeable future$(1,535) prop. taxes$(840) prop. insurance$(600) trash - this could be removed, he is providing a dumpster but city has free trash$(1320) snow removal & lawn care, tiny yard---------$(7,331) total annual property expenses, not including mortgage$(3,543) Mortgage 30yr, 5% fixed, $68k purchase price, 20%down =54k mortgage --------$(10,874) total expenses including mortgage$13,200 total ANNUAL Rents------------$2326 - annual cashflow (average $193/mo), $15,000 - upfront cash invested, the 20% down on mortgage + 2k closing, misc. $2,280 - additional annual cashflow potential through expense cutting and rent increasesthere is about $7k of differed maintenance of mainly cosmetic interior updates/flooring once the long term tenants eventually move out.

This was just a tiny knot in the string.