Newbie - buying first property in 2022

[Ben Be]

I am a corporate attorney in NYC looking to get started in real estate. I have been working in corporate law for just over three years now, and am getting sick of 60-80 hour workweeks where i am ALWAYS at the whim of my clients and the partners at my firm. I have learned a lot, and, importantly, saved up a nice nest egg. I figure i have one more year of this in me before i burn out completely, and am looking to set myself up for what comes next. I think real estate investing could be a part of that.

I would like to start by buying one property, just to dip my toe in the water. However, I am not sure yet where i should be looking and what my strategy should be. I know for a fact that i do not want to focus on the NY metro area, so i will be long distance. I have read some promising materials on renting to section 8 tenants, and I’ve analyzed some deals that i think make sense, but i think the section 8 procedures might be a bit complicated for a first-timer and i think it could complicate finding a property manager. I’ll be spending some time here trying to nail down these details and pick up some tricks of the trade. Hopefully to become a landlord by the end of q2 of 2022. Would love to connect with anyone with experience.