After paying real estate taxes, the condo fee, there's not much left over from rent, and if i have to pay income taxes on rental income then that may be close to zero/negative cash flow.

You have a cash flow negative property, a 4 plex that's only 3/4 rented and a new career.

I appreciate the balance here in the BP forums between positive encouragement for investors and their questions mixed with reality checks and the negatives shared.

The trainer was talking about negative people always trying to keep you down, which is true, you need to surround yourself with good people, my motto is "it is hard to soar like an eagle if you hang out with a bunch of turkeys" also if you roll around with dogs you are gonna get some fleas.... there is a million sayings, you get the point.

I'm glad things with the MH didn't turn out too negative for you.  

So because a place has more murders that negates the fact that guns are extremely popular in Texas?

But, if any part of it does not check out or is negative, then do not rent to them, you are setting yourself up for trouble.We do not actually have any issues because we are buying straight away and do not need to rent.

This might frustrate your Realtor as they will get negative feedback and have to do a lot of paperwork.

“If buyer is an investor the transaction is exempt.”1 TRANSACTION PER 12 MONTHSa) Seller must determine if the buyer is an investor or “consumer” defined in the DFAb) Seller is a natural person, “not a Corporation, LLC, partnership, trust, estate, etc.”c) The seller did not construct the propertyd) The financing has a fixed rate or does not adjust for the first 5 years, a balloon is allowede) No negative amortization3 TRANSACTIONS PER 12 MONTHSa) Seller must determine if the buyer is an investor or “consumer” defined in the DFAb) Seller is a natural person, “or” a Corporation, LLC, partnership, trust, estate, etc.”c) The seller did not construct the propertyd) The financing has a fixed rate or does not adjust for the first 5 years, a balloon is not allowede) The borrower has a reasonable ability to repay the loanThe loan is fully amortized (no balloon)ALL OTHER SCENARIOS REQUIRE A MORTGAGE LOAN ORIGINATORS LICENSE AND ALL REQUIRED TILA, HOEPA, RESPA, AND HUD, COMPLIANCE UNDER THE DFA.Violations of the Acts all under oversight of the CFPB are subject to Federal and State fines, and rescission of the sale,

If you put aside 110 for a property manager, and 165 for maintenance/CapEx, and 91.30 for vacancy, then you're at -76.30 cash flow each month (negative).Are you planning on self-managing?