Everyone's favorite answer in real estate---"it depends".That being said, you have to start somewhere to figure that out.

I’m sure more questions need to be answered but thought I’d start here first.

Start with BiggerPockets Ultimate Beginners Guide (free).

This is where things will start. 

It’s really amazing to see you getting started in real estate at such a young age and Out-of-state multifamily investments are a great way to begin. 

One thing I wish I knew starting out was the true overhead of running a RE business it can be pricey if you don't run your numbers right.

Consider starting small by house hacking a single-family home, renting out rooms, or adding an ADU if possible.

Unless you are sourcing properties yourself off-market, REI became much more challenging in 2023, and downright brutal since the start of 2024 here.   

The PM company is starting to kick a little better lately but we had a rough 2024.Always remember that every positive and negative experience when taken well is an opportunity to grow as a person and to learn something valuable. 

The process from start to finish would take four months and cost ~200k to build, with comps in the area around 355k-lender man said, refinancing would take six months as most lenders wont refinance a property unless its been built for six months, affecting the strategy to get paid out from refinancing quicker and closing out on construction loan-The property would not appraise at comps value, but at the cost it took to build, affecting getting paid out from the refinance.