At the moment I am thinking with the 60k I can possibly purchase 2-3 properties that are worth about 80-100k that are located in decent neighborhoods and use majority of the cash flow to purchase additional property later on (this is largely based on assumptions I put about 20% down payment on a property that follows the 1% rule).As for a goal I would say for the time being I would like to try and match my career monthly income with my passive income.

Only those that have a dream that they're following can move in.

Try to follow the 70% if you're a newer investor.At this point, hard money lenders (HMLs) might be our only option if you want to close it on time. 

Hello LA Group- We have been investing in ad value, MF syndicate properties around West Adams and USC the past couple of years (Following the Expo line). 

It is probably cheaper than joining the apartment association and they would have the means to qualify a new tenant (credit, criminal, rental history, income) and ensure that the tenants are signing a lease that follows the laws in CA. 

Learn from someone else's mistakes, don't reinvent the wheel, etc.My goal for my first deal is to financially partner on a flip with someone who has some successful rehabs under their belt so I can be involved in a deal, see firsthand all of the stages of the process, and learn the basics from someone with some proven experience. 

My questions are the following. 

@Eric IngramIt's been a few years since your post about REI Automation Squad and was trying to follow up on your process ?

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Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.