At a high level, the “right” area and property type for passive cash flow in that range is going to depend a lot on your tolerance for older properties vs. newer ones, how involved you want to be with management, and whether you’re open to being a bit farther from the core for better yield.

Interested in connecting with other professionals, those involved in property sourcing, and potential partners to explore investment opportunities.Proven Track Record: In 2015, I strategically acquired a commercial corner lot to house my operations.

There were more steps involved. 

It might be possible to list and proceed with clearing the tenants out but it gets messy for everyone involved.

@Martin PennReal estate investing is a great idea for you to get involved in House hacking with your budget and novice level of experience might be the best option because it helps you to begin with $0 out of pocket costs and the use of rental income to pay the mortgage.

As others have rightly stated, you will need partners if you want to get involved without having the cash. 

A diagnosis done properly involves time and gaining the proper access in the furnace to check and verify.

There is lots of opportunity as I see from my eyes both residential and commercial opportunities.

We find the risk involved is too high to do this.

You will also be able to pitch private investors/lenders a JV partnership to contribute funds to your deals, without necessarily having to split your profit or being directly involved in your flips.