Just do some research on what you want to do with your goals, then work backwards.

That said, some things seem to be quite backwards over here - such as the tenant having to pay a renewal fee every two years.

2) The Owner's agent will want to show the property at a moments notice, which sellers bend over backwards to do, but tenants have no incentive to cooperate with.

I have done many deals where I was nervous and anxious and questioning myself, but after a while you work through it and do it anyway ... but smartly.The first thing you should do, if you haven't already, is take a good look at your current situation (income, expenses, job security, etc) and project into the future of what you want your life to look like and then work backwards filling in the gaps.

The problem with 95+ percent of those is that the math doesn't work.There are a lot of ways to approach BRRRRs.. for me, I tend to work the equation "backwards".  

Glad you have the RE background.Recommend you work backwards.  

Total backwards.

You're doing it backwards.

Quote from @Dan Deppen: 1/ A lot of people are funding deals using hypothecations.2/ More people doing npn's in NY than I expected.3/ There are opportunities to table fund seller finance deals.4/ I suck at ax throwing.I am not an expert but a pro tip is to take half a step forward or backward, as much of the success is about the the ax sticking.

I'm definitely new and I don't have all the logistics planned out this is just the vision now I'm trying to backwards engineer and figure out my steps I thought my first step would be to househack a 4-Plex on an FHA loan and then graduate to six or 12 units and then move on to bigger properties most likely outside of Chicago to your point. right now I am very confused this is the second time someone has said that four unit is not like a six or 12 but I'm not really sure in what ways is it the underwriting is it the management is it literally every aspect of it.