Where to start?

[Matt Rollins]

I am looking to replace my W2 income over the next 10 years and I would like to invest in real estate to do that. My wife and I have $200k saved and own our home. Since I started looking into this, I talked to my wife about renting our house and house-hacking a duplex, triplex, or 4-plex to jump-start things. Utah and the areas I am looking at in the Salt Lake County/Utah County area seem to be too high to meet the 1% rule, and it seems to be harder to find deals that cash flow, but that could be because of my lack of experience. I have been looking for properties in different cities that would not be a house hack, seeing that we are landlocked where we are at for now. I'm sure everyone is anxious to get going once they have decided to start, but what is the best advice to accomplish getting into my first Multi-Family home? Get prequalified? Meet with real estate agents? Walk around and look for properties that could be seller-financed. All the above?