1) I'd start by looking at city-data.com and input the zip code2) I would Joint Venture with someone for the first couple of deals3) I'd skip number one and go directly to number two if I was serious

As far as the joint venture, you can decide if you want to do a true joint venture, where you get a % of the deal for being an investor, or you can just get interest on your loan.

@Adam Widder it would be worth making sure that your better half can support the mortgage amount you will need to break into the type of investment you want to venture into, meaning will you be looking for investments in the <$200k or closer to the >$400k?

At $345k I would venture to guess this is a <1% for monthly rent:sale price, and 1% seems to be the bare minimum a lot of investors prefer.

Combine that with the $10k we will have payed off over the 2 years on the balance, and the $10k back that we put into it and we should have around $55k to use towards our next venture.  

@Jay Helms I'm trying to take Brandon Turner's advice and venture 30 minutes outside of my major metro to find something more affordable.

Hi LorenzoI can help you sell the property if you want to do a joint venture with me.

On my most recent purchase, I got 2 silent partners to come in, in a joint venture. 

Doesn't seem like a business venture I should undertake without forming an entity for the legality of it all.    

We originally liked the blank slate idea of the house but I'm wondering if the material cost for bringing in drywall, ceiling, floor, etc. for the entire house might end up being higher than the alternative option.I would also appreciate any feedback on the BRRR (is that the right amount of R's) strategy we are looking to employ for this venture.