They are not becoming the authority in their market.. they are just another face among the thousands of other realtors/investors.The absolutely best advice is to start building your network (other agents, title companies, management companies, investors, mortgage brokers etc...).

A monthly mortgage payment should be 300$ per month for 30 year.

@Fredrick HockI don’t know if this is reflecting the right cash on cash return. it doesn’t have the repair cost with the mortgage cost.

I maintain ~90% booking and cover my mortgage many months.

Some relevant financials are below...any help from the crowd would be appreciated as if like to explore this and do a 1031 in two years.Current rent - $850 Current property value - $75kishNo current mortgage Located outside Houston and appreciating at around 4% a year If tenant moves I'd do maybe $20k in renovations to update kitchen, floorplan and exterior siding but house is functional

Is that investing strategy about buying the mortgage on a property and collecting the payments as income or am I misunderstanding?

The way I see it is if I were to sell it for $115K, subtract my $44,200 mortgage and closing costs.

I'm looking to pay off the mortgage within the next year.  

The other 50% is what's left to pay the mortgage if you have one and anything above that is your true cash flow to do with as you please. 

I do not have a tenant yet and desperate to get a tenant given that I have to put a mortgage in December. 1.