re: How to get into rental property?

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So if you and FB are saying "cash flow" then is it an issue of, you have to have a critical mass of properties to make the cash flow work out?

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no, you can have a great cash flowing property owning just 1, for awile until something major hits. but it is best IF you do add to your positions over the course of time. for example: with SFH, there is an old saying. " you either have 10 of them or you have none"

that is because AT times, you can have maintenance that can eat away your positive cash flow on a single property. You need that buffer of a bigger portfolio over time to take those hits of a new roof and HVAC. it is why i suggest getting MFH as well and not just SFH. I have never really had any vacancy issues but we all have maintenance issues. small and large. it comes with the territory. but you know how it works on taxes and helps. i have had some evictions also my PM and attorneys handle. does not cost much and i have won all my judgements in court. it is not bad with the right team setup.

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It seems like a lot of work. to rent out a crappy house to a crappy tenent for $100 a month in cash flow. Now it was 20 houses a month and $2,000 a month I can start to see how it works... but you got to build up to 20 houses.

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it is why you need set points for price you are willing to pay and the expected positive cash flow. all my cash flows are roughly around 500 per door a month with mortgages on them. when i started it was 350 a month PCF minimum for properties in a certain range. as my rents have been raised the last 10 years it is pretty good now. I would not take less than 200 a door and that is with a cheap entry point for something,