It's a pleasure to meet you, Andy.. are you considering venturing beyond single-family homes down the line?

Based on some of the research done, I am inclined towards starting out with a small multi family investment property (2-4 multi family home).

The loans are not taxable, but first you need to build the equity in the homes in order to take out the loans.

I like good neighborhoods, with sloped tile roofs, stucco siding, built in the last 20 years. 90% of Las Vegas SMF checks none of these boxes. 

Well, a lot of life happened and now I am getting back to zero no debt and I'll be renting for now and I am considering a duplex to buy cash or maybe land and some sort of unconventional home but still purchasing cash.

I hope I laid this out in an understandable way but I say all of that to say is it worth trying to find a mentor whose already well versed in GC who’d be willing to coach me in my home build.

Everybody wants a home run on year 1 of their first deal which is why many never get started. 

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

This could easily cost you $10’s of thousands if you plan to stay in the home 5+ years when you return. 

And right now, I am going to tear it down in 2025 and build a new house as my primary home.