I am looking into buying this 6 unit apartment. Interior and exterior fully updated, important items such as heating, roof, etc updated. Fully turn-key. It produces 56k Annual Gross Income and after expenses makes 38k...

Becoming an agent takes time (90 hours of class work + lots of extra hours to get started), and MONEY (a few thousand dollars to do the class work, license fees, fingerprinting, test fees, and then pay all your dues).

Class C property.

This this a B, C or D class neighborhood?

I found a 4 bed 2 bath 1083 sq ft SFH in San Bernardino, CA. I pulled comparable rent data from rentometer.com. Here are the numbers I got below in my analysis. Let me know what you think.

I found a 4 bed 2 bath 1083 sq ft SFH in San Bernardino, CA. I pulled comparable rent data from rentometer.com. Here are the numbers I got below in my analysis. Let me know what you think?

You may want to look into more turnkey investments where you can invest $1M of equity in a more stable asset class and target a cap rate of 7%+ and simply hire someone to manage the investment for you. 

I picked it up and did some minor fix up such as paint, small plumbing repair and such.

We are a military family that has picked up a few rental properties along the way.

Just pick a market where money can be made and have at it!