I've saved enough for either my first house, or my first real estate investment -- and am coming to understand that it may need to be one in the same.

I know I can get 3 people @ 300-350 a month not including electric (I've already inquired a few good friends of mine and they've all agreed to move off campus to save some money) With that being said, I'm thinking this will cashflow about $180 per month, which sounds great to me.

Im here looking for advice on being a more successful landlord, information on flipping properties, and right now specifically tax lien purchases and back tax properties.

I've seen many times landlords try to save a few bucks on the lease and pay thousands in court and eviction fees.

I have sold my primary residence and using cash savings and equity (approx $200k usd) from that to start my investing career here. 

Tax (listing claims ~$5900 annual, ~3%)$20 - Landscaping/Snow$284 - Vacancy (8%)$284 - Repairs (8%)$355 - CapEx (10%)$426 - Prop.

Wouldn't that save me $150x12 = $1800/yr and therefore I could look at my return on that investment as 36% annual return ($1800year/$5000), and therefore this would be a wiser option then focusing on a second property until I remove my PMI?

Here is what I recommend to save yourself a ton of money.Buy 25 blank yellow bandit signs and 30" H-stakes.

Taxes have been properly filed each year to account for the rental income, however the first house listed has not been shown on taxes yet because we do not file this year's until next April.  

I provide a bank savings account at a bank nearby the properties for them to deposit their checks/cash/whatever.