They told me since in May , in my vacant notice i mentioned i was going to sell this condo , i should still comply with the old TOPA law.

@Cherrell Thomas cash flow is the profit that's left after debt service, property taxes, property management, common utilities (if any), reserves for repairs (small things like leaky faucets, AC servicing, etc), and capital expenditures or capEx (larger things like a new roof,new HVAC, major plumbing overhaul...these are treated differently on taxes, written off over a specified longer period) and other expenses.The first item I mentioned, debt service, is where the answer to your question is.

I wish I found out about real estate investment when I was your age. 

The first thing I did is search his email to see if I've had any other conversations with him (or if he was mentioned by anyone I know via email). 

Hey Bohdan, As @Rinee John de Leon mentioned, we meet monthly and think you'd enjoy the group.

I'd really avoid the primary markets that you mention as you're really too late unless you network and find a stellar off-market deal.

You should always screen every person above the age of 18.

@Sam Shueh the CapEx covers those items you mentioned, its pretty much any of the big ticket items that don't go out too often (hopefully).

Thanks for the answers, Like I mentioned before, the first time, he approached me first, and told him who I was after he looked like he was gonna have a heart attack.

I'll definitely check with the city on the items you mentioned and report back.Some additional questions I have after reading your response and thinking about this a bit.1.