Here are some numbers:Purchase price 139, Appraised Value 175 (this is fantastic to me, and the main reason I pursued the deal)Repairs - Minimal for continuing rental, 5-10 for saleCurrent rent 1200, market rent 1300-1400 The closing was a little interesting.  

I only had to put down 5%, didn't need PMI, closing costs were minimal, no application fee, no appraisal fee, no credit check fee...and no junk fees.

100 units in your lifetime is very minimal.

At the moment I reinvest the maximum amount and pay myself very minimally.

The amount of effort that it takes you to get a license is minimal.

If you find good deals, you should be able to find a hard money loan that allows you to acquire a property with minimal cash out of pocket.

As a rule of thumb you want the best assessment of the business structure that will allow you to keep a significant amount of income that you made from your deals while minimizing the taxes that you have to pay to Uncle Sam.

Minimal costs until you get rolling then you may need more cash to help propel your business with advertising etc.

It's low risk, minimal effort, and depending on where you live, possibly very little money required to get started.

We have discussed the opportunity of purchasing these properties under a land contract where he will require very minimal down payment but also be able to string out his income over a ten year process.