I have a primary source of income (~100k per year), but looking to get to the point where real estate investing can be my full time gig.

I know the city extremely well, as I've grew up here, so my only addition is knowing competitive advantages of the landscape, i.e. incoming Silicon Beach tech scene, gentrifying hip neighborhoods, etc.

My full time job is what allows me to afford investing, but my end game is buy and hold multi families to provide myself passive income "get out of the rat race."

I am looking to connect with Lenders, Contractors, Wholesalers, and other Real Estate Investors to build a solid team.I am super excited about this next chapter of my life, and am looking forward to establishing and growing a sizable passive income for my family.Cheers!

I ran the numbers on all 5 properties together and this is what I got:Monthly Income: $6,050.00Monthly Expenses: $4,887.45Monthly Cashflow: $1,162.55Pro Forma Cap Rate: 7.28%NOI: $29,862.00Total Cash Needed: $174,000.00Cash on Cash ROI: 8.02%Purchase Cap Rate: 10.74%Down Payment:$31,000.00Loan Amount:$247,000.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:5.000%Monthly P&I:$1,325.95I over estimated for repairs and other fees and underestimated cost of rent.

Hello - Been speaking with my wife recently about the need for additional streams on income.

Investing in real estate and earning a decent passive income (not 100% passive as I have to manage) but ultimately striving to own a commercial building and multiplex residential home to rent out in the very near future.If anybody has any advice on commercial properties that would be much appreciated!

They offer the "close in 7 days" deal, and get me a underwriters dissuasion before looking for having a property under contract which is the main reason why I choose them.I have a about 10% down, good credit score and low debit to income. 

That includes any profit from the rents, as well as funneling any income I have available from my day job into debts.I am very motivated to keep rolling and get started on the next one soon, but it's seeming a bit difficult when I look at the facts. 

Income is the number one thing to consider followed by credit history.