With that amount of money for my initial investments, would hoping to generate 30-40K a year within five to seven years be a reasonable goal?

The MLS method is talking about works great, Direct Mailers have brought me some great success, you can also go to the court house steps auctions and hand out your business cards to the guys there and let them know what you are looking for and if their investor buys one of the fixer uppers by accident because they are typically site unseen that you are more than happy to take it off there hands, this works well and is another way to out source.

First step is to determine ARV; pull comps, talk to realtors that know the neighborhood.

Make sure you spread either of these smoothly and evenly to minimize final step because they are much more difficult to sand than drywall mud.Post back if you gave any more questions.Good luck

Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSeeya around!

Getting to know my market is my first step - and what I'm working on now.

The only way I've heard of stepping in without some type of loan or down payment was by wholesale.

After taking procession of a portfolio of assets, they secure the properties, make necessary cap improvements and then resell.The portfolio being offered consists of 35 units in seven buildings.

And what my next step should be?

Damaged a watermelon plant that my husband was growing with care for 2 months (stepped on it) by trespassing the easement boundaries (the watermelon plant was OUTSIDE of the easement area).2.