Quote from @Sri Reddy: I am a newbie to real estate investing and looking for guidance from the teams here to understand the sources from where we can find any small retail spaces to buy.

And there are no counties that ban out of state investors buying investment properties.  

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

If I want to do buy and hold rental first or a BRRRR or Fix and Flip?

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

It’s not a place where you can just buy anywhere and expect success.

Need to buy all again.Had stocked packed linen closet but not anymore..need to stock again. 

If you are trying to raise a few hundred thousand to buy another 4-6 unit property, while I would not invest in someone with less than a year experience, I am guessing some of your pilot friends, other friends, or family members may be willing to chip in.Now, if you want to jump from a triplex to 80 units, raising 4-5mm of equity and another 4-5mm in debt, than I would just manage your expectations. 

Do some research to figure out what type of property—long-term rental (LTR) or short-term rental (STR)—best suits your goals.

Quote from @Alex Spivey: I want to start renting as soon as I can so does anyone have adviceYou want to find a place to rent and occupy, or you want to buy an investment that you can rent to others?