I personally try to do several deals before buying “do-dads” including my personal residence that won’t produce income.

There is a lot of info here you should have no trouble learning about Buy & Hold.

Hello All, I'm new to real estate investing, but I came across a phenomenal short sale property that I would like to live within. I came up with a lease option strategy and wanted to present the opportunity to the sel...

The discount is not just a yield factoring process, it does produce the yield desired, but what is that based on?

Should one who just starting out and looking to be a career investor utilizing various forms of investing; for example flips in the short term to produce faster returns and buy and hold for long term cashflow get a real estate license?

I got a 45k wholesale fee on a property that would have probably only yielded 10-15k more if I had gone though all of the time and trouble to flip it.

If it was me, so long as the tenants have been there for quite some time, they have record of regular payments, and a low tendency for trouble making, I would much rather take the paycheck than the negative cash flow  straight out of the gate. 

Cash is the most liquid.Put that money into acquiring more income-producing property.My $0.02 ...

I guess that is where I am having trouble, it's locating those off market properties.

Depending on your loan balance, you may be under water.If you will need to purchase another home to live in after the sale, and you purchase a home around $350,000, you may have to put down $70,000 and that will likely eat up all of your sale proceeds if any.So, it seems like the choice is to either to rent your current property for $285 cash flow, then purchase another home to live in from your savings, or sell the current property, then purchase another home to live in from your savings, or stay in your current property and buy a new rental property from your savings,I would stay in the current home, because you have already upgraded it to your liking, you would not have to go through the trouble of packing up everything and moving, you are already familiar with the neighborhood, and your savings could be invested in a new rental property with much better cash flow, with the tax advantages of interest and depreciation right offs, and with another property to get appreciation from.