Had the proceeds from my previous sold property.

Connecting with local investors or agents experienced in VA loan-friendly multifamily properties can also help.Good luck!

It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

@Daniel GrantzRecommend 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?

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors.

After much consideration, I've resolved to take action and pursue a BRRRR property.

The property had foundation work done just prior to the sale but continued having problems, even after I hired a second contractor to correct.

Purchase price: $410,000 I bought this property during COVID-19 when everyone was running away from buying rental units.

They can look realistic.You get an A for effort, you're always asking lots of questions on BP, i'm sure your property will be a great success!