Today I'm taking the first step towards becoming a RE agent - meeting with someone in the industry!

The text is small, but does it say @$125/month average cash flow?

For example (and these will vary, but the overall average will be about 50%), 10% vacancy, 10% property management, 10% taxes and insurance, 10% maintenance, 5% advertising, 5% misc.So, if you want to have positive cash-flow, your mortgage payment needs to be no more than 50% of your market rent (or your market rent needs to be twice your mortgage payment).

It seems to be a pretty large house with more than an average number of bedrooms for the town.

Does a buyer who is not licensed have to provide a CMA, of course not and they may know 10 times as much as the average agent.

On a lot of my rentals I don't carry wind coverage, which is more than half of the average premium here in FL.

I'm on this board because of my interest in the vacation rental property industry and I found some good interaction between members on that subject.

As in any industry there are good and bad people.A good short sale agent will price the property at a price that the lenders will gladly accept.

Maybe in SD $300 on a duplex IS buying better cash flow, but not an impressive number on a $500K purchase.If you want to stay at home you have to figure out what returns are acceptable and will probably really have to work your butt off to find above average deals.

Repeat 3 times a year and you can pretty much make an average yearly salary on those 3 deals hehe.