I have a small two bedroom duplex in a desirable part of town.

My name is Alex and I am a new investor with a desire to start a section 8 rental company.

Obtaining my Real Estate Salesperson license was driven by a desire to address the critical issue of affordable housing.

I will let you know that if you're looking at High St or Neil Ave, these are super desirable locations and because of that, you're not going to cash flow as a long term rental.

Maybe you can approach with a combination of selling the lowest performing or least desirable asset(s) and utilizing some for cash out towards reinvestment? 

We might rent, but also could buy a home that could work as a rental and buy time to find more of a desirable area and home situation once we get our feet wet. 

Hey BP family,I am new to real estate investing but would love some experts insights so I don't get burned on my first dealThis is the property: https://www.zillow.com/homedetails/724-N-22nd-Ave-Bozeman-MT...My thoughts are my wife, 8 month old and I could live in Unit A for a year or two while we rent out Units B & C to help cover the mortgage payments until we build/buy a more desirable family ranch home with min 10+ acres which we've been looking for but have yet to find.My hesitation is I've never been a landlord and am reluctant to get in over my head with property problems while simultaneously growing an online business and being a new father.After some negotiation we counter offered 895k with a 2-1 rate buy down for 20k and the sellers have verbally accepted but since our offer expired we need to resubmit.

Regardless of purchase method, if the homes are in less desirable areas it doesnt matter how good a property management company is, they will have a hard time managing due to the low quality tenants that come with these areas. 

Potentially Higher Profits : New homes can often command higher prices, especially if built in desirable locations.In Charlotte, new construction is booming in areas like South End and Ballantyne, while Louisville has growing interest in neighborhoods like Norton Commons.

I include a photo of my family and explain my desire to own in this area I have fond memories of.