Advice/ guidance needed starting out with $100k

[Dustin Owens]

Hello everyone!

Very excited to take this next step in my life to become an investor and build a rental portfolio. A little about myself I'm 32 years old and in a few months will sell my home making $100-110k. I have arrangements in place for a low cost rent while I get things rolling with this. The only debt I have is what I owe on my current vehicle. I gross $110k a year with my current position and I have a lot of free time on my hands during the day. I've spent the last few weeks researching and trying to broaden my knowledge on the subject as well as listening to a couple webinars and podcast. I know Section 8 isn't the most attractive start with investors, but I've grown to believe it can be very successful if done correctly and with the high program rents and long waitlist in NC and surround states it has drawn me to it. I've read all the pros and cons with tenants and the process as a whole. From being thorough in the screening to the annual inspection. I started looking at individual properties and then began looking at small class B portfolios with 5+ units. From here is where I'm looking at expert advice from other investors, Section 8 property owners and portfolio holders. If you were in my shoes with this amount of money what would you do or where would you start? I will say although I have tried to broaden my knowledge I'm completely fresh and new to all of this so any advice or help would be greatly appreciated!