I would tell you to continue to leverage your W2 job and move upwards in those ranks because it will be the fastest way to have excess funds to further leverage your real estate aspirations.My wife and I self managed 20 rentals while each working a full time corporate job.  

For example I am currently putting my offering together on a 200+ unit deal I have under contract, raising $2.8 million, $100k minimum, investors get 60% of deal, charging a 3% acquisition fee, 1% asset management fee and a 1% disposition fee, simple allocation structure for cash flow and sale proceeds - investors receive a pref of 8% on cash flow (meaning I don't get paid a dollar of cash flow until investors achieve a yield of 8% on capital invested) and a 60/40 split on excess.

A lot of carriers are pulling out of the coastal markets because the hurricane claims have been so excessive over the last few years.

Even with use of PM, the effort is too great for $75/unit.I also agree that I am not convinced the market indicated is likely to have long term appreciation in excess of inflation.  

Houses that were $300k back then are now sometimes in excess of $650k. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

My biggest comment is:There is an excessive amount of hype in this space.A lot of people who sell these plans make outlandish promises or indications that it'll turn you into the next JD Rockefeller. 

I then bought house #2 a few months later using both cash flow from property #1 AND the excess from my medical device job (BTW, we lived well below our means so had extra cash each month to invest - all I did was invest all of it in real estate instead of what I normally did in stock market). 

Narrower set of interested buyers, but the ability to potential sell for a higher price.Ultimately, it probably only makes sense as an investment if you expect to benefit from the cost savings in excess of the investmentDoes anyone have experience with solar panels?

Any excess proceeds above what is owed from the borrower to the lien holder pays down the lien holder in action, then the other lien holders in succession and then pays the borrower any remaining funds.