I have a duplex I closed on in August of 2024.

Most investors make the same rookie mistake: They focus on problems instead of people.

2) I have on single family home (rents for $2100/month) that needs a PM. 

As a lender, it is my firm belief that honesty, transparency and service are the most important factors.

Why are you starting a new thread when you posted this same stuff on an existing thread? 

I know that I want to focus on LER with the brrr strategy. now my questions are:1. where to start?

Begin by educating yourself through books like The House Hacking Strategy and podcasts like BiggerPockets, and join online communities for support.

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.

After it’s built borrow on full value and gift the parents back the land value?

I also have a $175,000 line of credit ready if something catastrophic happens.