I’m new to the world of real estate but incredibly motivated to learn and grow.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

Quote from @Briley Roe:  yes those fees are very high as you have a broker fee and other fees for a loan little over $100k at 6+ points. 

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

Michael Mergell (self), the Investor's Broker

You want lower land cost with high rental demand unless you're a reno expert and flipper which not 1% of real investors are. 

We self-manage our five-unit property with both—while RentRedi's reports can be clunky, Stessa offers much better reporting.