I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

If I was starting from scratch, I would buy a duplex/triplex/quadplex, live in the crappiest unit and rent the others out.

And that’s if you can’t find something to buy for under $100k or time multiple sales at once. 

He bought his first couple houses in the first year or two and didn’t buy much for a few years.

@Jonathan S. you'll get burned if you buy real estate rentals and do not, "manage your manager".Even the BEST make mistakes and no one can catch every mistake.So, it takes a team effort between a PMC and an owner to make it work:)

turnkey section 8 is not going to be like buying a brand new home there will always be differed items or stuff that does not work etc.. age of homes makes this impossible. then you add section 8 tenants and  there you go

It is the Most Hazardous way to buy real estate and not quite as easy as you state. 

It'd just be a shame for you to sell a building and pay tax only to then reinvest your net proceeds after tax in buying your first pieces of investment real estate.  

Quote from @Brian Schamp: Hey BP,I’m looking at buying in St.