I’ve worked with investors who have used this approach successfully, so here’s a quick breakdown of what you need to know.First off, you don’t necessarily need to own the property outright to offer owner financing.

Your current approach leaves your PL exposed to any title flaws that might arise.2.

Welcome to BP @Cory M.Your approach to starting with a single-family or duplex and gradually scaling up is sound, and focusing on cash flow and maintaining reserves is a prudent strategy.

I’d love to hear from anyone who’s been in a similar position or has advice on how to approach this.

While your parents may have experience and a simpler approach, even with just two properties, you could miss out on key deductions like depreciation and interest without professional guidance.

This approach allows you to ease into being a landlord while building a trusted team.

I've worked for several PM firms in the area and one company stole like 30k in commissions from me when I no longer wanted to work at their god awful company.I can definitely advise you on some property management companies to stay away from, as well as some new and upcoming property management companies in the area that are taking a more hands on and professional approach.  

That's why I created a step-by-step approach for the investors you genuinely are trying to help, but cannot be deterred from continuing down the misguided path their mentors, coaches and gurus have sent them: 1.

It's a great time to start.While there's no one-size-fits-all approach, just read books and articles on real estate investing,attend webinars and workshops.Why don’t we connect together let’s build up our Real-estate journey.

Even if you have to travel a couple of hours, you have a much better chance of finding someone.How to approach a mentorOnce you've found a likely candidate, it's time to reach out and ask.