Anish - that is an excellent plan for two reasons.  1.  

If you require this type of data to make a move, then I'm sure you are sitting there in vapor lock all day trying to accurately use whatever it is you think a CAP rate is.For everyone else, apologies for the post but this misinformation just rubbed me the wrong way.  

CAP rate is not normally a metric I use, but if I were to look at it, yes, with 20-30% management the CAP numbers are stll excellent.  

I agree with the fellow bp member above lawdepot.com is an excellent site.

excellent!

She does this by being VERY diligent in her tenant screening, making sure to only rent to those with excellent rental histories.

Sometimes we can be excellent tenants just because they know many landlords won't rent to them.

That's an excellent idea.

When I first started I tracked everything  on an excell spreadsheet, fed all receipts in every day so I wouldn't  get over whelmed.

Moving on, my Real Estate goals are as follows:Short-term: Get real estate license, and then hired into a PM firm so as to acquire practical experience as to how managing is done properly, as well as finding tenants, making deals, etc.Acquire first multi-family property, ideally a four-plex/4-unit apt.Gain experience in other types of Real Estate deals such as wholesaling and flipping to see if I take an interest in them, or am particularly good at conducting those operations.Long-term:Own and rent 1,000,000 commercial/residential multi family units.Have my own PM company for my properties, and perhaps others properties as well.I found Bigger Pockets through my real estate studies and discovering the BP podcast, and figured joining this forum is an excellent step in my real estate campaign.