Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.

I don't believe "waiting it out" is an effective strategy.

You can only sell it to landlords using the rent by room strategy.

You'll make a lot of mistakes which will train you what to look for in a PM. 

Most ideal would be seller financing, but open to creative strategies for a cash-flowing property. 

It would be nice to cashflow that much with no money out of pocket, but everyone has their own strategy and circumstances. 

As mentioned in the title, I'm new to real estate investing I'm wondering if there's anyone out there with experience with the co-living strategy using pressurized walls in Las Vegas.

Dou your work on the education so that you can have a firm strategy to get started.  

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

I have a great planning tool that could help you with planning your acquisition strategy for the next 10 years you might find helpful.