The due diligence and financing will eat time and if you're b&h, your tenants and maintenance will eat more of it too.Perhaps you've not read yet on the SFR investor's issue of DTI limiting your financing OR that different lenders will limit the number of outstanding loans they will allow. 

Every morning I check my results while eating breakfast.  

At foreclosure auctions you may be dealing with people bidding up the property which can eat up an investors margins.

Hello Everyone, My Name is Edward, I'm brand spanking new to real estate. So I've been interested in having my own business for as long as I can remember. I never liked working for minimum wage, or working for anybody...

so my name is David E, and I am on BP to learn to make money using real estate as my main source of "work". I know that it's a long shot, but seeing that there's such a diverse group of people on here, I was hoping so...

The problem is, what I find at these prices is either in a problematic area or with a high property tax that eats up the profit.

Dealing with tenants who can complain about the most asinine things sometimes, having to repair XYZ...it's not worth it to me just to "hope" that maybe when I sell I will see a ROE.I rather force appreciation in a cash flowing area, that way I can have my cake and eat it too. 

My travel and eating out budget is already absurd. 

So be sure the taxes don't eat up all of the profit.

When I was eating breakfast this morning I figured i'm stuck, and I'm going to have to wait months till I can get that first deal.