Hey @Greg Jackson, I am looking, but I'm discontinued by flipping work in my home market and am seeking a new niche to play in. 

We have recently been working with him on contract terms that both parties sign of course, stating that for every day that the project is delayed after his projected deadline we deduct a certain amount and for every day he finishes early we give him a bonus.

But as a diversification play - I like that it's bricks, not paper.  

Capex is wildly variable, but I'd go with at least 3.5%, playing off the 27.5-year depreciation rate for residential properties...but that's only AFTER the initial period, over a very, very long period, if you are tightly controlling costs. 10% is more reasonable, and some years, especially early on with delayed maintenance, it'll probably be 100%+. 

MFH was playing on my mind as well.

I’ve learned that sometimes in order to get what you want, you need to play the firm ***** card and hold people accountable to their word.  

If you plan to play the role of the 'hands off' money guy, I think you can get away with not being at the property, but I would not recommend it. 

Your first goal needs to be to get money then experience, if you can get both at the same time that is a bonus. 

.$10,000 can barely cover the cost of a $100,000 real estate purchase assuming 3.5% down and another $6,500 that goes towards closing costs and 6 months of reserve that the bank will require.I would consider saving up another $10,000 before considering a real estate purchase, atleast this way you would have more playing room with what you can buy and having more contingency funds.

Here is where my question comes into play.