REI is usually a long game in regards to building wealth.

This includes the two appraisals at $500-$750 each.Attorney costs are usually $1500-$2500/transaction, including lender's title policy and whether it's a new policy or a true refi.

if you get into the game now, you’re competing against people whose monthly cost basis is a fraction of yours

In other words, if you buy with true cash (meaning not hard money, no lien was put on the property at purchase, etc), then you can get a mortgage for up to six months after closing based on the purchase scenario (basically a cashout refi). 

Always good to start with the tried and true method to get your feet wet.

Im not personally a short term rental Investor but these are some of the benefits that may support your pursuit of scaling more rapidly Yes this is true about the STR which is a good option 

Hi @Minji Kim BRRRR house hacking in North Jersey is an absolute game changer.   

Based on my analysis, a good amount of the multi-family properties for sale within Blue Island would seem to cash-flow, but the sticker price on some of these properties seems too good to be true.

Not true in 99% of the cases.

This is a great community to connect with people, learn the ropes, and get advice from those who've been in the game for a while.