By negotiating 20-35% discounts, we managed to achieve cap rates between 9% and 14%.I've also started managing properties for three of these clients, listing their rentals and ensuring everything runs smoothly.

You will start to see significant cracks in the seller financed space

I'm starting my first campaign since getting my license and am curious to hear what works for others. 

We have a 2 year lease with our first tenant starting soon. 

What are the essential first steps I should take to start this business from scratch?

If you rent for 3+ years you start to phase out your tax advantage to taking the equity tax free.2. 

I've lived in the PNW for 25 years, but I'm hoping to start building a rental portfolio in my hometown of Lexington, KY.

Where do I start?

Total Gut Reno from top to bottom.

I just did a rough calculation, and for me, I'm looking at a 30%+ annualized return on my cash doing fix and flips, so If I put $1mm total into flips (that includes acquisition, rehab, holding costs, etc.), I'm netting over $300K for the year.