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Updated about 9 years ago on . Most recent reply
![Anthony Craiu's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/454275/1621477371-avatar-anthonyc67.jpg?twic=v1/output=image/cover=128x128&v=2)
Knowledge hungry investor from OH
I am looking to kick off my real estate journey soon and I need all the help and support I can get! I hope to connect with experienced people who can help me avoid the pitfalls that new investors might run into. I am already charting forward towards realizing my goals and I have joined the biggerpockets to glean from the experts and one day give back to the community.
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![Jerry Padilla's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/191286/1660930584-avatar-jerrypadilla.jpg?twic=v1/output=image/crop=2017x2017@0x0/cover=128x128&v=2)
Welcome to the site! You have some great idea's. Investors are coming to Cleveland due to the cashflow in the area so I am sure you can cash flow in Cleveland without even trying. House hacking is the way I recommend starting for many reasons, some of which you already mentioned. You get the experience of becoming a landlord, along with a mortgage history, allowing you to utilize rental income in the future. FHA is the only way you can use rental income when starting out without a mortgage history or experience. Even though there is is MIP, you will get a great cash on cash return. 3-4 unit properties with an FHA mortgage require the rental income to be equal to or greater than the mortgage payment, considering a 25% vacancy factor. This typically becomes more of an issue in higher cost areas. I am always glad to answer financing questions.
- Jerry Padilla
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