My first investment goal -  to generate $2000 from income producing properties. 

If you have a healthy 401k/IRA, your lender can earmark that counting it at 60% of value to "check the box," but really it isn't a horrible idea to have a healthy "oh crap" fund as someone that owns multiple pieces of real estate in any case.

@Mike Cumbie - I have not considered selling a property as an agent and asking for a higher commission that could produce the same amount of profit as an assignment fee.  

Stay safe and healthy, wealthy and wise, best wishes :)  

If most of the multifamily properties on your MLS do not produce positive cashflow, yet there is a huge demand for ones that do, by listings properties on the MLS with positive cash flow, you just found a better niche.  

So cap rate is most useful for commercial props because their sale is based on the income produced, whereas the price of a residential is based on current market conditions?  

Wishing every one a prosperous and healthy New Year.William

I began my career in managing multi-family communities from luxury to student housing to single family income producing properties.

I'm sure opportunities will pop up occasionally, but for me that's too big of a region for me to become an expert in, it's not localized enough.What investment strategy(s) do you see in the area that will produce cash flow in the next 5-10 years?

We have great jobs, low unemployment, strong rents and [still] affordable price points to make your dollars produce great ROI.