@Patrick Philip  Most realtors opinions are **** and they cannot be held accountable legally when you make financial decisions based on their advice.  

Got all the financial data in place.  

Obviously, you can't discriminate against protected classes, but how would a tenant claim that you denied them based on, say, familial status rather than the fact that you just didn't like them, or they seemed messy, or whatever?

All things aside  I want to make the best financial decision and not rely on my emotions. 

The ugly details are where the real learning happens so if you want to know about the deal, agents, contractors, taxes, regulations, contracts, financials, etc., while I go through the process, I’m happy to share my experience.

Can you provide some more insight to the current financials?  

insurance is not just to protect your property. insurance is also to protect your personal liability. if a tenant or visitor hurts themselves on your property they will sue you and could potentially take everything you personally own. even if you place your property in an LLC, they can still potentially go after your personal assets. with all the risks, there is no reason not to have insurance.

I'm getting my financial foundation in order right now, but soon I will be ready.

I personaly am closing currently 2 to 5 a month and find it very satisfying and empowering not to mention financially beneficial to my students as well.

If not, then move to step 4.Step 4: After stabilizing the cashflow/property, prepare your personal financial position to allow for you to buy out your partner and continue on your own moving forward.Step 5: Find a bunch more deals and rock it!