Then, rinse and repeat.This would help preserve your precious capital and allow you to turn your activity into more rentals than you otherwise would.The drawback is it is a lot of work, but I find fix and flipping more rewarding than just holding.I am not a big fan of repurposing an existing into a mult-family unless absoultely necessary.

You're looking for a 30% cash on cash return - not impossible, but you'll likely have to build up to that 10K/mo through compounding.That is, you may generate a lower return, say 10-15%, build your investment, and then getting that same 10-15% on a higher investment of 800K or so will net you 10K/mo.Either way, it'll take work, it's not an invest it and forget it for passive cash flow.More reward (the 30% returns you want) come with more risk and work.

know it's been talked about a little bit but how about a whole show on how to buy at auction - and what not to buy at auction.I think the biggest area to discuss would be 2nd liens, ie "holding the bag." that could financially ruin a newbie & I don't wish that on anyone.can bring up the risks and rewards, etc.

Want to continue to scale up to be able to buy a property with 3 to 4 months cash flow from rentals and rehab with in 3 months from cash flow.Question is I want to be able to reap some rewards and spend, but want to speed up my REI growth can you do both?

---Tangent: As a reward to myself for scheduling and accomplishing all those activities while visit Indy, I had time to try the Pacer Bike Share rentals in downtown Indy to explore the great bike trails, highly recommend it especially for long-distance investors, I had the chance to chat with locals, get their perspective and see test first-hand their infrastructure.  

It's a risk reward thing.

Nobody cares about your investment as much as you do and you will have to pick up the phone to resolve any real problems.3) The risk/reward profile just isn't there. 

This is an investment so it needs to be looked at from risk/reward perspective. 

@Jacob Perez it’s evident that you have to be willing to take on the bigger problems to get the bigger rewards. 

Your desired cap rate dictates that you will be going after more mom and pop tenant with HAIR as we call it on the deal.The more HAIR a deal has the harder it is to close it and the longer it takes.So it becomes a time/risk reward for a broker.Example on a 1 million dollar property with 8 mom and pop tenants there is a tons of heavy lifting and analyses for a 25k to 30k check for a broker.