You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

Now, you need to figure out how to find deals and pay for them.

But keep in mind, its a Real Estate Club where you have to pay to be a member.

If you’re paying off less than $800/mo on your loan id say sell come April selling season.

Second, if you want a nice house in a nice part of town, you will have to pay for it, so will likely need to raise your purchase price.Third, if you want to go off-market, just know you are trading a lot of time for the possibility of maybe finding a deal.  

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

, what legal documents should I pay attention to and why?

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you. 

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.