Presently I work full time at Wal-Mart as a Maintenance Supervisor and wish to be able to earn a self sustaining income through real estate so that I can retire my 9 to 5 job, be my own boss and have time to travel with my wife and enjoy life.                            

Most books and podcast suggest going to brokers to ask and discover local cap rates. However most books and podcast also make it seem like the brokers hate tire kickers and wont work with you if your not at that momen...

Much under that we will self fund.

I’m confident he will be able to find the right lender/finance situation to help with your SFR.

All of these folks have to interact in a timely fashion, and then the whole project has to not raise your PITI beyond the "self sufficiency" guidelines of the loan. 

So please realtor from west palm beach keep your comments to your self , I’m sure you make mistakes daily as well !

However, as long as you have healthy comps and are confident in the ARV,  then you should be fine. 

Key words: Olympia, Tumwater, Pierce County, Lewis County, Mason County, WA, multi-family, landlord, self manage, property management, contract, lawyer,  

The following are some  things to be careful of and are not intended to discourage you in any way from a property you feel confident in.

YES - If this is truly a project HUD building where HUD 'guarantees' rent for all units then there are very specific / screening / reporting / inspections requirements that you must meet; tenant income thresholds, REAC inspections, etc.You can do this yourself (HUD has to approve you to self manage) but most owners elect to hire a PM who is licensed / knows the systems / paper work / HUD office contacts.