Planning is great - I never was good at that - words are easy to put down on paper - other people's ideas are fun to experiment with and can make someone new in this business feel good for awhile I guess.Over 40 years ago I can recall as if it were yesterday - I was where many of the new folks on this site are today - I was motivated to make money in real estate - had a giant desire to create a little success (the low pay awful job I had, and a jerk for a boss just wasn't cutting it  - but I had motivation - i discovered quickly that it takes more than motivation to pay the bills.So this one seminar I took the guru said "set a goal, build your team and find a mentor".OK - I set a goal to get rich in real estate - to buy one house a month and to quit my job.

I have come to realize that working 40 hours a week with low pay will not allow me to live the life I want to live.

How long do you think the low interest rates will be around?

That property tax number is way too low.

Units: 36Building Size: 28,000 SFPrice/Unit: $27,777.78Property Type: MultifamilyProperty Sub-type: Garden/Low-RiseProperty Use Type: InvestmentCap Rate: 11%Gross Rent Multiplier: 5.26Occupancy: 92%No.

Have you read @Brandon Turner book The book on investing in real estate with low and no money down?

Thanks for sharing.No worries.You can absolutely operate like that, as long as they are coming in at the contract price or above when you enter and exit.

Make sure you vet your tenants extensively and that they make at least 3x your rent per month( I use 4x) and make it absolutely clear in your lease that they are responsible for these bills and that noncompliance  is grounds for eviction.

Edward Seid if her calendar is booked solid for 2 months out, then her nightly rate is too low.

For cash flow long term, look for areas with good population growth, low unemployment, low cost of entry (midwest areas are good) and good rents. bigger pockets has a bunch of good information for you, (You can get in for $75-100K)Im in Temecula, not far from you.