Is it possible to find properties that let you cover costs if not produce cash flow , assuming 20% down and average carrying costs?

well I am going to offer some other type of adviceyour one of a million who want to make big money flipping houses.. hard to do very few do it well and its competitive as hellI would in your situation spend the 1k and get a real estate license and hire on with a top producer and get PAID to learn.. in a hot Denver market with high price points you can stumble to 50 to 100k a year... and you work weekends .that will give you a foundation and you will make far better contacts than at meet ups.. .meet ups that I have gone to at least in my perspective are a total waste of time.you have the experienced guys just looking to take advantage of guys like you.. hey bring me a deal and I will pay you a few grand... there is no future in that.. and if you have no money no experience you need to get both.. so that's one way to get into the industry and become a professional..

You mentioned the manager living on the property but that still sounds incredibly inexpensive to run.

So Will let me ask you this.how do you think paying 997 dollars is going to magically produce a few deals that make 12 k each for you ?

I rarely trust a syndication that can't communicate  or produce an informative/accurate/timely investor statement.  

I’ve always been an entrepreneur and can put up with the incredible discomfort that it comes with because I love to build things and create opportunities.At the same time it wouldn’t hurt to go to a community college and get an associates for a very affordable education that would leave you options in the future and work in a brokerage while in college.

Anyway, thank you in advance for the incredible network and insight.Cheers,Nick

At the worst, starting the 1031 is an incredibly cheap way to buy some time to see what makes sense

That would be incredible Cash Flow.How were you planning to finance the deal? 

If you are looking for more of a passive income stream, purchasing underlying performing mortgages is easier (not so hands on, albeit tougher to find good ones), and if purchased correctly, they produce better returns.