How much cash do I need?

[Jacob Zeimet]

Hi everyone,

I'm a complete newbie at investing, and I feel like even with the books I've read there are still so many unanswered questions I have. For information, I'm a year out of college and have a very decent W2 in San Diego. Investing here would be impossible for me as I've got very little cash, so the markets I have been looking at are Des Moines, Atlanta, and Jackson, MI. Ideally, I'd like to purchase a small multifamily for 100-150k that I can BRRR.

Questions:

- How much do I need to have saved up before my first purchase?

- Do I really need a landlord for one property? 

- How do I convince my parent's I'm not gambling my savings?

Thank you!