I think I would be hard pressed to generate cash flow with buy and hold, within my current financial limits.

This will allow me the financial freedom to go back to school and get the education I wasn't able to get because of my responsibility to my family.I'm in the Hoke county area and I have seen many homes posted on Realtor-com in that price range, mostly mobile home REO.

I would also acquire a copy of an up to date financial report for the property to see if they have been negligent with any of their rental payments. 

I recently came across the BP podcasts for both real estate and personal finance and have become obsessed with the concept of using real estate to become financially independent. 

I've been listening to BiggerPockets for a while now, but am just now posting for the first time.Back in October of 2017, under the burden of a significant amount of student loans and the realization that corporate life isn't for me, I decided to make financial freedom my number one goal. 

Jared,Take a look at these articles and I think you will be able to make a decision.http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-1/http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-2/ They dive into very detailed explanation as well as many risks/benefits & possible scenarios in which makes better financial sense.

I look at any investing as a financial diet, the same diet doesn't work for everybody. 

I just got a job as a financial analyst for the investment team at a commercial real estate management company.

Taking on underfunded investment properties can become very stressful financially and emotionally.Remember - if you decide to wade in now "Cash Flow is king" meaning it needs to cash flow when you buy it don't bet on being able to significantly increase the rent to improve cash flow.Good Luck!   

I'm looking for something that can handle the financials, track maintenance requests and payments, and deal with communication (announcements, message board, etc.)