This helps in setting the right rental prices, finding quality tenants quickly, and understanding local laws.

Here is an example of a recent project I was able to fund.Purchase Price- $35,000Rehab- $30,000Arv $100,000We funded $25,000 @ purchase and $30,000 for repairs for a total loan size of $55,000.If you're living in the midwest I think that there are great opportunities to purchase 2 to 4 unit properties and rent them out I would stay out of Illinois the tenant laws are not favorable to you as a landlord.

I know CA has a lot of rules/laws but in FL to start out I would incorporate, get EIN, get banks set up and then you are in business.  

I know someone who has a brother whose second cousin’s in-law got into real estate and all they dealt with was tenants, toilets and taxes.”

The thought by joining is to get updates on local laws, disclosures, and overall market conditions.We know that markets are hyper local, so having knowledge as to what's happening might be beneficial to how we invest.

My brother in law is in Lenoir north Carolina , not far from all the damage .

Once you find a property, hire a professional property manager who can make sure you comply with the laws and get you great tenants so you can build long-term wealth! 

A SFH could make sense as a house hack if you found one that has an in-law arrangement but otherwise I'd say 2-4 units is the way to go.If house hacking doesn't make sense for you & your family, you'll likely need 20-25% down for an investment loan to buy & hold a property you won't be living in.

No room, then I question how serious they are about training...and you need training....real estate school teaches you laws, contracts, and concepts. 

The rental laws in S.F. are a huge maze to get lost in.