I consider this with all my BRRRs and ONLY do a property if I'm going to make a some good cash (NET) each month.. else I pass on the deal. 

I thought that was a high.Anyone else have a number?

you have to live there the "majority" of the time... and it's based more on intent then anything else.

Also, came across this article re: Rutland which does make sense from what I've seen as I've driven around parts of the state -Source: https://www.burlingtonfreepress.com/story/money/20...Thinking from a REI & plain budgeting perspective, I am going to focus on a 3-4 multi unit, if nothing else than to reduce current rent budget. 

If your serious about this we want you to come, if nothing else it would be a great support group for staying in the game and hopefully we all motivate each other to achieve our goals. 

Option 1: invest in multi family housing Pro- semi reliable income- cuts cost on my living expenditures -recession proof (can be argued)Cons- high cost start (for me at least)- first time managingOption 2: Buy land and try to negotiate a development deal Pro-huge reward -can be fast- after deal is done right, I'm hands offCon-very risky especially for intro-no expertise in this field -finding a great deal in hardOption 3: wholesalePro-great return-can be fast-not long term Con-hard to find good deals especially with a full time job -can be a nightmare project-no expertise Please correct me if I have messed up with any of my pros/cons.

I'm at the Salt Lick in the back right with a red backpack if anyone else is here. 

I'd love any feedback on what else I could be doing to learn as much as possible to prepare myself to invest in rental properties. 

There are so many other expenses to take into account but your quick and dirty method kept you out of a mess.

I am purchasing the homes at fair market value and close next month.The engineering and city applications are already submitted for the subdivision and signs indicate it will be approved or else no deal.I have the homes under contract and the property owners have signed another listing agreement to allow me to market their homes to the next buyer.