Thank you @Ashish Acharya for confirming the steps.

Will all floors need replacement if I take them all up to work under the house or can a reuse the floors (they are hardwood floor, old and need some refinishing)Of the steps needed, what are the most DIY friendly for a newbie like me?

Hi Luz, congrats on taking your first steps into real estate investing.

As far as learning the material; book work is a necessary step.

You might not be able to beat that top earner if they have something you can’t achieve (ie lake front or better views), but knowing what amenities matter in your market is an essential step in determining what you need to provide. 

If the three steps above seem like to much work than just spend 75% of your annual income and save/invest the other 25%.   

Step up into the 300k or high as you can and you'll see some great appreciation, quality renters and shorter vacancy periods if any.Sink as little into Dead Equity as possible, write off everything you can and after 5 to 7 yrs, when you click on my website and see: 100% 80/20 680 score, NO DOC Hybrid Option Arm with 1% min. payment rate100% No PMI to $1,850,000100% No PMI- one day out of BK to $1,000,000SELL, SELL, SELL, SELL EVERYTHING!!

Congrats on taking the first steps and asking the right questions.

You'll get bi-weekly advice, tips, and tricks that may be helpful even before you're ready for the next step.

Hi there, looking for some advice on putting my best foot forward. For context, I currently have 2 multifamily in NYC (2 family + 4 family) that were bought over the course of 10 years.  Both were a buy, renovate and ...