Starting to build my portfolio

[Jeffrey Berry]

Hello BP members. I am looking at having roughly 20-30k maybe a little more to invest in rental property. I am looking to invest in Fallon NV and most properties come in around .7-8% on the rent ready properties. I was initially looking for rent ready as this will be my first buy an hold for the long term and was hoping for 200+ cf per month but with this market it looks closer to 100 or less. I am now thinking a brrrr may be better as there are some foreclosures that may fit the bill. Anyone have some advice for a brand new rehab investor on big dos and don’t for getting started. I feel this is going to be the route I will need to take to get where I want to be but I want to learn what I can where applicable as I go in to it. Any advice is much appreciated.