I like the freedom of doing real estate deals, while helping people get what they want out of their opportunities to have property as another income stream.

Your goal of purchasing a second home for rental purposes is a great way to start building a stream of passive income that can ultimately change the general trajectory of your financial wellbeing.I commend you on your dedication and eagerness to learn more, and I'm confident that with the right mindset and approach, you'll achieve the success you're aiming for.

The length of lease, market income, strength of tenant, and sales data, are just as important as the location when evaluating these assets.  

Many STR owners have ventured into MTR to supplement their income and we have far more supply than we did 2 years ago.With your desired price range of under $100k inventory is likely to be very limited. 

You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I am not planning on quitting my day job anytime soon but rather my hope is to gradually grow the amount of income I am able to bring in over the next 5 years to be in a position to make Real Estate my full time gig. 

I have one of my guys walking a duplex today, All in should be 75k, rents will be 900/900 so about 14k- 15k NET income so 20% ish.

Accumulated over $400k a year in passive income.4.

Can take a hard money loan option no income no doc at 30% down on the purchase getting the 100% of construction