Even if a well is drilled that produces royalties, it won't be enough $ to give much thought to it.

The President whom wants him gone is now saying that because of his resignation letter his contract is null and void after the 30 days and he needs to produce a new contract to be considered.

However, not filing a complaint is likely to produce another victim, perhaps one who - unlike me - won’t know that their money was not forwarded to them.The total of the four payments amounted to $3,541 before the PM fee.

I’m hoping that getting into another 3 family property without having to put money into it to produce positive cash flow might be within my comfort zone since I just started.

In fact, a number of exchangors made a business of acquiring cheap, mostly useless residential lots (those with no utilities and about 30 years from any hope of development) just to put them together with some $ and trade the combination for a income producing property.

At the time, the property was only producing about $1,100 a month in rent.

The proven strategy is value add with a liquidation event in a few years, can you come up with another strategy that produces returns that your investors would be satisfied with?

It's an awesome process and they produce an amazing product. 

Ideally, I'd like to select a property that would still produce positive cash flow after a year of living there myself.

As a new agent, assuming you do not have a large network, I would join a highly producing team at a well known brokerage.