I would add that you should definitely checkout some local real estate meetups as that's the best way to quickly build a buyer's list. 

If you are working and busy and can't respond quickly enough, you might be losing people who would have otherwise rented because someone else answered them first. 

No worrying about renovations or repairs, so you can start making money quickly.

**Disclaimer**: Being young, I don't have a lot of responsibility so I am fine with being more hands on now to be able to have more time to spend with family later on.My what: I'm looking to buy small multi-family property to house hack and gain equity quickly over the next few years.

Stuff that is good to look into, it does cost a good amount to pay each month, but there are people who want to sell today and need a quick offer.  

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

If you ask nicely and promise not to share, you can usually get good financial information on the properties that are currently operating as a STR.If you're just starting out looking, you may not be aware of just how many cabins out there are poor quality builds due to the lack of codes.

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

It's never a quick closing with conventional loans. 

It just seems like the guy tasted a little bit of fame and success and decided he could make more money with these get rich quick programs and ripping people off, than investing in real estate itself.