Hi everyone I have set a goal to purchase my first investment property in December of this year.

Depends on your strategy and ultimate goal.

My goal is to work no more than 40 hours/week at my normal job and still be able to provide for my young family.

I have only focused on flips, and for my short term goals, will continue to only focus on flips.

Charitable TrustsAgents commonly make 100k a year or more

Good luck on your goals!

If your goal is cash flow (in my opinion) you're better off trying to buy with owner financing (contract for deed - land contract, installment sale, mortgage wrap, promissory note with a first lien holder position on the trust deed for the seller (if they own it free and clear), or sub2.

Get those goals in order for yourself and family, and then start learning and working towards the next step!

I found the cost to be to high to make sense especially since we would need a GC to mange it (we directly manage our local construction projects)This is a very common problem throughout the Carolinas and the southeast US.

More common is the potential buyer who pays large sums up from for the promise of financing that disappears once payment is made.