To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.

Personally, I'd recommend multiple properties, but that all depends on your long term goals.

They actually want invoices, receipts and checks for as documentation.http://hcidla.lacity.org/blog/what-just-and-reasonable-rent-increaseI have a few questions myself:How would you find documentation to establish the baseline for 1977?

I do believe for what you clarified from your original post that breaking even is okay and you'll be using it for personal use that you can do this. 

My wife and I were able to buy a SFH for our personal residence in 2022 and have since turned our focus on saving for our first investment property. 

I personally have success in doing flips with my partner here in Ohio.

Hey Pat, glad you're taking action! 

There are also a lot of questions we would have for you personally regarding credit and liquidity.

Personally, local is best but without knowing more about you, it might not be a good approach.

In return, try to bring value to this person.