Once you know exactly what you are looking for it becomes easier to figure out the best way to achieve your goals.Just my three cents worth

I'm still figuring out how this site works, but I'll be in touch if I hit a wall!

Now, you need to figure out how to find deals and pay for them.

Now, you need to figure out how to find deals and pay for them.

I recommend you figure out what you want to do, then actually do it to see if you enjoy it, have some skills, etc.

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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

It will have to go thru township's approval, but I need to figure it.

I want the cash flow to cover any expenses the property may have.With my next property I am trying to figure out what state/town to go to.

From there, you can better estimate the end numbers and work back to figure out the GP/LP  equity needed and the estimated returns.