As you have probably heard that the location is very important.With multifamily (apartments) starting out with a positive cash flow is one of the most important. 

The Cash Flow is too low

For example, if a two bedroom one bath will work you can probably find a four plex that will cash flow in a neighborhood that will work.If you need or desire three bedrooms, two bath, a garage and 2,000 sf it is going to be hard to find an investment property to live in and draw rental income from as well without going into areas where you do not want to raise your children.Feel free to message me if you would like to discuss specific areas and opportunities.

If I can find even 3-4/year that would add up to a significant cash flow quickly.

Another challenge was to raise "X" of dollars in a savings account to cover a years worth of living expenses etc..My next challenge is to see what i can do first..1) Double the profits of my entertainment business2) Earn $9,000/month in net cash flow from Real Estate (not counting the investment property I already own)Here's what I'm planning to do in Real Estate...please chime in with any thoughts and/or let me know if we can work together.

Hokay, at first glance the monthly cash flow is lower than I'd like.

Save money for a down payment and find a solid cash flowing property that will cover expenses in lean times and pad your wallet in good times.  

I put around 22K for a 88k property and should cash flow around 150/month.....I am based out of CA so all my research was online...so would love to hear about your foot on the ground research in atlanta......let me check out athens....

As I work on that the main thing I'm stuck on is whether to get licensed as an agent to get some income going, or just hustle hard as a wholesaler until I have a good deal flow. 

Income Evaluation No of Units Unit Rate Income       2 Bedroom Unit A 1                 650.00                                    650.00           2 Bedroom Unit A 1                 650.00                                    650.00 2 Bedroom Units A 1                 650.00                                    650.00 2 Bedroom Units B 1                 650.00                                    650.00 2 Bedroom Units 1                          -                                               -   3 Bedroom Units B 0                          -                                               -   Garage Units 0                          -                                               -                  -   Storage Units 0                          -                                               -   Laundry Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Total Monthly Income 5                                    2,600.00 Total Annual Gross                              31,200.00 Total Annual Cost / EBIDTA                                9,911.86 Net Cash Flow (Annual)                              21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x                                       137.50             1,650.00   (From Historical Data) Montly Space Rent (MHP)                                                -                            -   N/A Monthly Insurance x                                       100.00             1,200.00 Calc'd Monthly HOA                                                -                            -   Posted Monthly Water/Sewer   X                                       320.00             3,840.00 Estimated Monthly Garbage X                                       160.00             1,920.00 Estimated Monthly Electrical X                                                -                            -   Tennant Monthly Heat/Gaas   X                                                -                            -   Tennant Monthly Other Utes x                                                -                            -   N/A Monthly Yard Maint x                                         20.00                 240.00 Estimated Monthly Maint - Op Ex x                                       260.00             3,120.00 Calc'd - 10% Cap Ex x                                       260.00             3,120.00 Calc'd - 10% Monthly Vacancy x                                       182.00             2,184.00 Calc'd - 7% Screening/Tennant Management x                                         20.00                 240.00 Estimated Monthly Management x                                                -                            -   At Risk - Self Manage MONTHLY OP EXP                                   1,459.50 Total Annual Expenses                                 17,514.00 Total annual Debt Service                                   8,452.36 Net Operating Income NOI                                 13,686.00   Net Income                                       5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low  Cash Flow per Door                                       109.03 Very Low  Tax Assessment  Estimated Expenses - 50% Rule                                       159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy                                   8,424.00