I am a newbie investor, who is trying to invest from out of state and for me the most challenging is getting a good team of people set up (i.e. property manager, contractors, loan officers, accountants, lawyers, etc.).

The main thing with associations is you don't buy into one that is too broke, ideally your reviewing some financial data before offering, not always practical though.

You guys have encouraged me to think big, set my goals and to work backwards from there.

HUD data shows that this median income figure increased 17.5% from 2013-2018.

I'm considering a buy and hold or potential wholesale deal in Memphis, TN and would greatly appreciate a second opinion.ARV: $55,000      Purchase price: $43,500         Rent: $775 / OccupiedMgmt: $77.5       Repairs ...

I'm having trouble sifting through all the data on it, however.  

And finally, I plan to move to Houston (not set in stone) by this time next year, would it be best to wait, study more, and pursue a flipping career in Texas or would Illinois be better?

I put together the MSA comparison for each major MSA markets for real estate and Nashville, TN was an interesting data point.

Stay with it and look to other's on here for encouragement.Do your research, make education a priority, set the right goals and it will all be worthwhile.

I’ve been reading through the forums on a regular basis, I’ve read “Set for Life” recently, and I worked through creating my own rental calculator like Scott did in the book to try and better understand all of the money related aspects that go into a rental property.