My goal is to get my first property no later than end of Q1 2018.For my immediate next steps I am 1) starting to write out clear goals on what I want to achieve and break it down into smaller steps.  2) I will be joining the Richmond REIA starting in January (December meeting is Christmas party and I'll be away). 3) Continued meetings with people in my current network that are involved in Real Estate Investing - Found out about a few by chance and have reached out. 

For example, B class building with B credit tenant will usually achieve X cap rate in the market where A class building with AS class tenant will achieve Y cap rate. 

What you are looking for is whether the IRR forecasted is likely to be achieved. 

-I like the idea of getting a better DTI ratio for my next purchase but I'm self employed so I could technically take less write offs and claim more to achieve the same DTI for a smaller one time payment in taxes.Laying it out right now makes me think keeping the cash instead of paying points would probably make most sense...    

I chose this because i'm looking for cash flow and looking to achieve financial independence before 30 -- I am 21.Knowing my niche and some of my criteria, I was wondering if I should consider incorporating.

@Doug W. buying stock in a private startup company typically offers the potential for a return upon the company achieving a liquidity event.

We each have a strong work ethic, and we are well positioned to push each other to achieve our potential.I come to this community seeking advice, guidance and vicarious experience.

Someone doing one or two properties simply can't achieve the same cost cutting economies of scale, nor do they have ongoing online and print advertising campaigns to help them find the best possible tenants.

This inspired me to take action and I really felt like REI was a great opportunity to create passive income and achieve financial independence.I have minimal experience in real estate (purchased a townhome in early 2017), and I would love to meet people who are like-minded and learn more from your experiences.

@Dakota Soles Of course investing locally should be your first preference if all things are equal but if you can't achieve your objectives in your local market, then you have no choice but to go outside of it.