This is primary reason why I no longer invest in cash flow market because it's sufficient , at least for me.Now with my current bay are holding I can guarantee my family for next four generation would not face any sort of housing crisis in bay area and they could get pretty good decent salary.

The courses were sufficient and I would use them again (good price and responsive with any issues).

You will have to have a high credit score >720, about 20% equity in property, alot of cash reserves, sufficient income from tenants, etc.  

Make it clear a form off of the internet is not sufficient.

It doesn't guarantee their income is sufficient, but what I've found being in this business for almost 15 years is that most of my evictions have involved someone with income less than 3x the minimum.It is good to consider the reason WHY this rule is what it is:The majority of rentals in my medium size Midwestern town (Springfield, MO, population 160,000) are between $500 - $1200 per month, meaning most renters need a household income between $1,500 - $3,600 or greater, depending on the Class, location, etc. of the rental.  

We've managed to purchase a couple of rental properties and currently carry what we feel is sufficient insurance on these properties. we are also in process of creating a trust so that should anything happen to either of us (Wife and I), we won't have to worry about where the houses will go. with that said, Do we necessarily need to create and LLC first to transfer the properties into before finally transfering ownership of the LLC to a trust?

@John Liaaz There are many real estate strategies to generate cash flow, but your calculations are correct.It takes time and effort to build up a portfolio that provides sufficient cash flow to live.

It is important to have sufficient cash on hand for covering these events.7.

Michael,Your 10% might be sufficient, but in this case there shouldn't really be any reasons not to use accurate numbers based on your communication with the management company.

If rear  of house only replacing the 2 might  be sufficient.