Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).

@Andy PtakLeasing agent at multi-family properties can be entry level.

@James Thompson Transferring property from your in-laws to you can be done through a gift, sale, or trust transfer, each with different tax implications.

That way I still have a primary residence and rental properties. 

Are there property managers who specialize in managing housing for section 8 tenants?

Investor pays $2K program fee and 25% of the note acquisition price (they finance the remaining 75% via a participation agreement - at 12%).

With thousands of members owning 10’s of this quads of properties.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

I once owned a 20-acre mixed-use property in Illinois.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.