Ok guys I am brand new to bigger pockets and am really excited for the future of investing. I am currently saving for my first property and am saving $1500-$2000 a month to get the first down payment. I drive semi and am looking at outsourcing the management of the properties to a property management company. I live in Albuquerque, New Mexico and am looking at investing out of state in higher cash flowing areas( Kansas City, Tulsa, Lubbock, Midwest pretty much) My biggest dilemma is whether or not I should just keep saving money for about a year or so and get into a 2-4 unit property with about $20k-$30k down or should I start with a single family residence that cost around $50k with only $12500 down? The problem I have with single family residences is I feel like the cashflow is minimal and that it is a lot more risky because you only have one tenant to cover the mortgage and expenses, so if it goes vacant it's all on you. Any insight and advice would be much appreciated, as I want to make a plan of action so I can stick to it and make it happen! Thank you in advance
