If you are a new investor, I would focus on smaller, less complicated projects and build up from there.  

This is why I’ve been working to build up my agency business before taking the step into investing.I work mainly with investors, so it’s given me the opportunities to be a part of a lot really creative deals and learn through experience without my capital being on the line.And my wife just got her license, so now that we having some consistent revenue & she is able to help me scale our agency side, it’s going to be a lot easier for me to scale my investing efforts quicker.I know people who have made the leap & did investing full time right from the start, it just wasn’t the best option for me.

He has helped a group of investors that I work with build up a single family portfolio of more than 150 homes, a couple of which were in South Amboy or near there. 

I personally set a minimum reserve for each property and then I build up cash flow to the point where I can take distributions and not drop below my minimum reserve.

You need at least 20% equity to get out of the FHA loan so its tough to build up the equity from 3.5% to 20% in one year even with forced appreciation.

It will save you both a good amount of money in terms of what you would be paying for a mortgage and allow you to build up capital for future investments.Good luck on your journey!

The Heloc can then be used as your emergency fund until you build up set aside  funds from rental income.  

I have a couple of lenders that I like to recommend to all of my investors when they are trying to build up their single-family investment portfolio!

We are using the BRRRR method in attempting to build up our portfolio.

@James Ross10% CoC return is where I’m trying to start out as well and build up from there yearly with rental increases/cutting expenses.