You can manage them such that you can have fairly steady income that you can count on. 4.

When I went to the local USPS office to inquire with the Supervisor, his explanation was: the Address Management System only shows the four units (i.e. 123 Main St.

Since you don't want to get your real estate license, working for a property management company is an ok hybrid, but not what I would call fun.

I also recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Credit Score: A minimum credit score of 620 is generally needed for financing a rental Debt-to-Income Ratio (DTI): Lenders will look at your DTI to ensure you can manage the mortgage payments alongside your existing debt.

@Farris Roach III we definitely can, and also if you dont mind me asking how did you become an account manager for a bank?

Self managing a property is challenging but educational.

.- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?

It's crucial to ensure that the terms are manageable and that this approach doesn't jeopardize your financial recovery plan.2.

Hey Chad - my office manager deals with this but we are not big fans of Airbnb.