Newbie just getting started

[Account Closed]

Hello,

I've been researching real estate for what feels like forever. I pretty sure I have analysis paralysis

But I've found a property I would like to invest in but

I feel I may be punching above my weight

Is a apartment building with 25 units

I've run the numbers mulitple times as I was sure I missed something cause it comes out to be a great deal.

There are a few hurdles

1. It would be my first deal

-but we all have to start some where

2. It's out of state

- I don't want to invest locally. where I live (NY) property values are sky high

3. I (relativity speaking ) don't have much capital

- my income is high but I don't have a lot of liquid cash saved up

4. My business doesn't have any established credit

- my credit is pretty good (720+ )

I'm just asking is this even feasible? Or should I aim at something smaller.

I would like to have a portfolio of multi- family properties in the mid west that are managed by a local property manager with minimal involvement from me.

Any help/guidance would be greatly appreciated

Respectfully and humbly

Larry aka the new guy