I am interested in managing the property myself but that leads to its own hassle, but oddly the reason I want to go into landlording.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

Howdy @Jennifer DavisToliverIt is possible, but, very difficult for the reason @Chris Mason indicated.

Would a purchase price of $145,000 be reasonable?

I suppose the real question I have is, is this a reasonable asking price considering they are all cash flowing and in decent shape?

These are my current income streams however for many reasons I feel like they could be simplified and/or made legitimate.My 'income' from the managing of rental properties however because there is no company it's really a 'gift' from the trust so in the eyes of lenders it is not actually viewed as income (nor is it really enough to qualify for a loan). 

But more often than not, investors who involve a buyer's broker get put on the back burner and are used as a last resort for the reasons I've mentioned above. 

I would hire the best coach and implement the best marketing strategy.

Some banks even disallow a newly formed llc, for just this reason.

But as long as you're providing a decent space and reasonable rent rate- you shouldn't have an issue.