Specifically, I'd like to be in Little Rock, Jackson, MS, Birmingham, the FL panhandle, Shreveport, and Dallas. 

We do business in Memphis and Little Rock, AR.  

Not to worry, most brokers require it anyways for you to hang your license... but becoming a Realtor is pretty costly if you arent active and producing.

I have run the numbers on the house and if I can get it at the right price and make the appropriate improvements (new roof, new kitchen, add second bath) it will produce a nice profit.

The story might be different if you are a top producer doing 100 transactions a year for your broker and they are making considerable amounts of money off you.

Making a profit means your property is producing cash(cash flow).  

Hey Guys,I have some thoughts / Questions for you RE Rock Stars out there....If the market is looking crash worthy, like my Northern California Market is looking, is this bad timing for turkey properties too?

I know everyone will have something different, but I'm currently a W2 employee paying high tax and am trying to determine what I need to produce on a monthly/annual basis to invest full time.

Yeah, I know what it is like to really have a strong desire to rock out and mail out a million pieces of mail.

I will be living in 1 unit, and the remaining 1-3 units will be rented to produce income.