Hey there @Kiara Spence, congrats on diving into real estate investing! Your enthusiasm and prep work are impressive. Here's a bit of advice for you to consider:
Starting with SFR could be a good move for simpler management and lower upfront costs. Multi-Family properties offer more potential returns but they also come with more complexity and management responsibilities. You need to choose your strategy based on your comfort with risk, your budget, and your experience and even though the market is cooling down a bit, it's still a good time to jump in. Waiting might mean dealing with higher prices down the road, so don't hesitate too long.
Look for properties with strong cash flow to navigate uncertainties successfully. Getting pre-approved for a mortgage will give you a clear budget and make you more appealing to sellers. Networking is plays a big role into this, so connect with other investors on social media platforms and the likes. Attending your local REI meetups would also be good too.
And, of course, work with a seasoned agent. It can make a world of difference. They'll help you navigate the market, find the right properties, and negotiate the best deals. Hope these tips set you on the right path!
