I focus on finding deals that meet specific criteria, and I always keep my underwriting conservative to make sure the numbers work even on a worst case scenario.Right now, my big goal is to land my first property, ideally 20+ units in Florida, and build a strong portfolio from there.

Notwithstanding, "plan provider" connotes a service that is primarily focused on 401k document provision and compliance support and "plan administrator" connotes a more involved level of support in management of the plan.

Don't focus on a "rule of thumb" as a rookie.

Your first deal is about learning, so focus on the fundamentals and think long-term, this is just the beginning of building wealth!

You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.

@Cody Baum - Can you become an investor focused agent and get practice in real estate without it being your own money? 

Focuses on stable, long-term returns.  

Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!