However, financial freedom is not simply replacing your current income; it requires maintaining your current lifestyle for life.

There's low barrier to entry in terms of effort required to purchase stock and naturally more people are going to do it. 

From what we've read, FHA loans are great for people like us who have limited credit histories and the low money down requirements are awesome.

Is the business expected to pass out meds for the residents - and are you required to have medical personnel on staff to do so?

I am interested in LTR with a multi-family property that has a total of 4 or more bedrooms or single family home that has at least 3 bedrooms, purchase price between 160K-230K, and does not require a large rehab. 

There is much more, but Bigger Pockets requires that you initiate by clicking on someone’s name then “connecting”. 

Most PMCs are required to have a broker's license, so you should probably look for PMCs that will allow an agent to also do buy & sell deals.

Most people start by looking up local STR regulations to understand the permit requirements, if any.

In doing this we require less funding for entry.

That being said the tenant is required to notify you in writing 30 days prior.