However, I would determine what exactly your goals are for the next 1, 3 and 5 years financially and how you can achieve those goals through real estate.

@Steven Lam I would suggest starting out with a turnkey property to experience first-hand what expenses are and what profit to expect.

I’ve seen people first hand get burned renting out single family homes when someone moves out.

In order to achieve that I have to ask the New PM to connect their appfolio software to our account vs opening up a new account (which we won't have direct access to).

In order to achieve no. 1.

Its very difficult to achieve cash flow, initially, for single family houses.

@Constancia Russell I live in a rough neighborhood so I see what the city is changing first hand.

NOI/Cap rate = value...So if an NOI for a specific property is achieved by higher than normal rents, I thought the property's valuation would be rewarded and be higher. 

My goal is to achieve at least a 25% cash on cash return on flips over a 6-month period or in the worst case convert the purchase into a buy and hold investment to earn at least a 10% annual cash on cash ROI after taxes.For me cash is king and I want to grow my cash as quickly as possible while managing and shifting risk.

I have heard this strategy mentioned a few times in the past where one can achieve a greater amount of delayed financing by including your rehab costs on the HUD / closing disclosures.