Operating expenses including vacancy, maintenance, property management, insurance, taxes shouldn't be more than $200/month.

No matter where you live or where you own assets, I personally recommend the Series LLC to be a great tool for the individual investor who is planning to expand their operation, as it allows for you to scale infinitely for FREE- check out this article to learn more.4th pillar is somewhat similar - you want to separate your operations from your assets.

I paid the workers through credit card after the operation.

My idea was to leverage the equity in his home to get into a/or some cash flowing properties, i would purchase those properties and operate them and let him collect 100% of the cash flow from it or them. 

They are just quick & dirty ways of doing cocktail napkin math on properties. 50% rule - The costs to operate a rental property typically averages out to 50% of the gross rents on an annual basis.70% rule - When flipping houses you will probably make some pretty good money if you aim to make offers that allow you to buy the property for 70% of the ARV less the renovation costs.1% rule - If you get a property where the monthly rents are 1% of the purchase price.

It's value is a calculation of:Net Operating Income (NOI) / CapRateFor example, if the NOI is $10k/year and the CapRate is 10%, the property is worth $100k.You need to speak with other local investors / brokers to determine what the right Cap Rat is.

Finding your team will be key and the book will go over the "Core 4".Before you even find your Core 4 you will need to find your market..

Finally, you could just buy a single family home and operate it as a short term rental.

Cash invested: $3,000 STR/BnB operation located in downtown Seattle.

The core value proposition is as follows:Help residents build credit and move towards home-buying with better loan / mortgage optionsDrive more consistent and on-time paymentsDifferentiate from other properties / landlords that do not offer thisPlease don't hesistate to comment on the thread or DM me to chat or receive more information.Thank you!