Because if you need that cashflow you went ready to invest in real estate yet.

To answer some of your questionsGross monthly cash flow is $3200 rent - $2550 expenses = $650 Yearly cash flow= $7800Vacancy 8-10% is close to 1 month's rent so = $3200 yearlyRepairs: 5x rule = $576 yearly CapEx: 1% of property value yearly= $4,000 (includes Special Assessments)Once I deduct vacancy, yearly repair budget and capex estimate I'm breaking even, but is that real?

But I think you answered my questionHaving been in real estate for almost 30 years.

Another out-of-town real estate enthusiast, using local comparables, estimated an After Repair Value (ARV) of $40,000 with high confidence.

They are the lifeblood of your property, like all investment real estate.  

My wife and I are partners in our Real Estate LLC.  

Hi, I am new (like absolutely new) to real estate investing and wanted to get some advice. 

I’m getting closer to becoming a real estate agent and I want to know what made you successful at attracting first time homebuyers?

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

They need to understand that they will be taking over responsibility for making mortgage payments while the loan remains in your name.Legal and Ethical Considerations: Ensure that all aspects of the transaction comply with local laws and regulations regarding real estate transactions and disclosures.