Some of the drawbacks are the costs (initial licensure, yearly state and national realtor association dues, and perhaps broker expectations depending on your broker). 

Those are the types of programs I am referring to, the lead generation software.

In the parts it highlighted eviction in Richmond, it stated that these judgements are made in majority African-American communities, where poverty has been generational and where little aid is available.

Reach out to people in the city you are considering for advice on buying into, including what areas of the city are more inclined to generate cash flow.

@Step SthephYou may also want to think about holding onto the property that you live in in your own name for now.You are eligible to exclude up to 250,000(500,000 if married filing jointly) as long as you lived and owned the property for 2 out of 5 years.If you transfer the title to an LLC - you may lose out on the appreciation as you continue to live in it.You have a couple options regarding the other lots.If you don't know contacts or how to develop land - you may want to consider the land outright.If you have experience to develop land - you may want to pursue developing the land and then selling it.option 2 will likely generate more money but also require more work.

My initial impression of the 2% rule was that this rule was just that the rent should equal 2% of the purchase price.

Scaling my portfolio overtime with profit generated and my w2 job.I never considered using  the earnings from the home towards stock to pay if off later.

My "Why" is because I want to continue to be an active mom in my children's lives (more specifically...not to miss school events, milestones, and just spending time with them), to be able to leave something behind for them (and future generations) that they can build on/take over if they want, and to continue to fulfill my wanderlust as much as possible.       

This may not seem like "income producing" activity at the moment, but it's critical for putting yourself in a position to generate revenue.2) Get to know the buyers in your area. 

Debt repayment is not factored into expenses there for paying down a mortgage,  as we all know, creates it's own income stream separate from that generated by the property itself.