A duplex strategy is a low-risk entry, saving on living expenses.

I’d love to know how deep of the discount you guys had before I sign up.Thanks in advance!

I love section 8 but it comes with positives and negatives just like any other strategy.

Look at their marketing strategy.

It is most important that you have a clear understanding of the type property and the strategy you want to use (FLIP, LONG TERM BUY AND HOLD, STR, MTR).  

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

Thanks (again) for sharing and being so forthcoming with your strategies!

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.

You need to identify which strategy you like best before jumping in and get extremely familiar with the process of underwriting deals.