If I can get $500 a month gross cash flow (no adjustments for vacancies, repairs etc) I will go for it. 

(Annual Gross Rent - OPEX - Debt Service ) / (Entry Equity + Remodeling Costs)If top part is 15,000 and bottom is 75,000, then your annual CoC is 20%.

I recently convinced myself that it's okay to lower my 401k contributions to only the amount of the employee match (for now).  

Be cautious of this though as the more gross income you have the higher the new payment may end up being bc that is what they base the new mtg payment on.  

If you're using a property manager, expenses, capital and vacancy will be 50% of gross market rents over the long term.  

You may want to ask someone to invite you, however, so you at least have some knowledge of what you're about to experience, and someone with whom you can discuss your questions - you WILL have questions, even after you've seen the prices.Every corporation in the world is a "pyramid scheme" and every W2 employee fits into that at some level.

This is like any profession, imagine if the companies feel like all the employees are making too much money and it is ok for them to work for few months for free.

Only draw back i see, is I am a 1099 employee (anesthesia business) but i have a credit score of 720-755 and a high income but not 2 years of tax returns, so no one wants to loan (except hard money)And thanks Brian again for the tips and advice.

In my experience thus far, there aren't going to be a ton of great options where you are going to get a significant ROI while still keeping liquidity.One thing I am doing is investing heavily in my Employee stock purchase program (ESPP) as i can buy shares at a 10% discount 4 times per year then turn around and immediately sell to keep the profit.

The numbers that the seller's broker has provided show OE at 27% of Effective Gross Income.