I've been listening to BP podcasts for about a year and a half now and because I have the shiny object syndrome, every investment strategy that I hear about sounds achievable to me.

Thanks for sharing, sounds like a good marketI was achieving 1% rule in Atlanta, however this market has been soaring since 2011 and now very difficult to achieve thisI have been buying SFH in the Detroit market. 

Both my wife and I have worked 15+ years in the housing/homelessness and Mental Health Non Profit sectors and realized that if we are ever going to achieve financial independence, we need to begin developing side incomes.I look forward learning from other BP fans in the SLC (and beyond) and am interested in best steps for evaluating rental properties and beginning to understand the local market.

Unfortunately, turnkey providers are heavily focused on Memphis due to cash flow and some of the best cash flow is achieved in C to D areas which are best left to local investors . 

Also to add, you could put a way higher percent down payment to make the 1% achievable but for a minimum 20% in this market could be upwards of 60k or more unless you find a great deal.

Because I was so hyped up on 'killing' that debt, I was able to achieve that goal in 24 month's time.

Research on this forum how to do a comp analysis and figure out if the After Repair Value of $50k is achievable based on other similar properties in the market.Then figure out what type of add-value improvements you need to do to get to that ARV.

pid=1612Houston Real Estate Highlights in March Single-family home sales rose 4.9 percent year-over-year, with 7,072 units sold, marking the second consecutive month of positive sales;Days on Market (DOM) for single-family homes remained unchanged at 64;Total property sales increased 3.6 percent, with 8,475 units sold;Total dollar volume jumped 5.7 percent to $2.4 billion;The single-family home median price rose 2.1 percent to $240,000, achieving a March high;The single-family home average price was up 2.0 percent to a March high of $298,766;Single-family homes months of inventory was at a 3.9-months supply, up from 3.3 months last March and at its most plentiful level since October 2018.

@Dale GwynnThe cap rate in this context is simply the return you would achieve if you purchased the property at X price for all cash. 

I would like to get the most with each paycheck to achieve my goals in real estate and at the same time decrease the amount that I pay at the end of the year to the IRS.