And that's what brought me to real estate investing because I believed that I can build my success, if I am willing to keep on working hard and learn about it.I do have some real estate experience as far as searching for properties, applying for mortgages, closing, and renovation, when we bought our primary home about 6 years ago.

But bought a condo with tenants very very cash flow positive for 73% less than it had sold in 2005.  

You could be very net positive in this transaction.I suggest you have a lawyer write or review all the paperwork.Jen, the real estate lawyer

It is just not a profitable situation for PM's, thus why these homes do not work for out of state investors because the companies that manage these homes hire low level entry level positions. 

My name is Shea And In anxious to start and begin in Realestate investing, Creating Positive Cash Flow but most importantly building wealth & finacial freedom, But first want to Master the Math and Analysis of Properties.

Depending on your financial position, you may be able to do both SFR/condo and try a small apartment through refinance of existing properties and/or the use partners.  

I plan to have the primary bank get the appraisal and have the other 2 use that same appraisal.  

I'm in the process of purchasing my first property and initially it will be my primary residence.

I'm in the process of purchasing my first property and initially it will be my primary residence.

FYICreative deals are RARELY done with risk adverse listing agents and their broker manager - boss.Thats why I like expired, canceled and long days on the market listings, they want to sell and hate their agent's ability to get a cash buyer.