Took about half a year to learn how to walk, talk and even eat again, but bounced back to my love for real estate investing and the two things that transitioned me from just wholesaling to actually buying deals as an investor was creative finance and private money.Bought my first rental property in Easley, S.C. owner finance and one of my best rentals I still own today was bought subject-to! 

So, the chances of someone trying to find the TRUE below market deal in their “spare time” is not great.  40 years ago you could.

Quote from @Patricio Acosta: First comment I would say is do not buy something because it feels good.

Hi guys, I'm looking at buying my first multifamily in the US, I've found some nice new construction properties in the Independence Heights area of Houston Texas (around $500K).

Since I, too, am in Tampa, DM me and I'll buy you a cup of coffee.

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Unless you still want to buy the property, the seller is in breech for not closing because you are full ready to close but they haven't or refused to sign anything.In NC if the seller breaches, the buyer can sue for specific performance.

Buy a 4-plex with an FHA loan.

Investment Info:Single-family residence buy & hold investment.

"Do I need to buy it as a second home"?