The numbers on prices and rates are a little dated post pandemic but the concepts are all there to get you started.

I am new to the concept of real estate investing and eager to learn more and immerse myself in the community and culture.

This is for a long-term hold, STR concept.

sub too is a very simple concept and there are just a few items that need to be done to be safe this is not voodoo :)

So here is my scenario, please speak to if you have any experience in this and if it  could work.I recently negotiated an option on a multifamily for about 50% of its current value. I have wholesaled properties like t...

This may or may not apply, but there is a concept in the law that says if a contract is unclear that is should be interpreted in favor of the party that did not draft/initiate it.

Hopefully this helps you with some ideas and concepts. 

Most doing such today, are using a VERY failed concept of thought of expecting pandemic-era type returns/appreciation.

Open concept living/dining. 

Assuming a $2000/Mo starting rent and a $1700/Mo expense:Year 0: $2,000 x (1 + 8%)^0 - $1,700 ≈ $300: $5,000 / $300 = 17 propertiesYear 1: $2,000 x (1 + 8%)^1 - $1,700 ≈ $460: $5,000 / $460 = 11 propertiesYear 2: $2,000 x (1 + 8%)^2 - $1,700 ≈ $633: $5,000 / $633 = 8 propertiesYear 3: $2,000 x (1 + 8%)^3 - $1,700 ≈ $819: $5,000 / $819 = 6 propertiesYear 4: $2,000 x (1 + 8%)^4 - $1,700 ≈ $1,021: $5,000 / $1,021 = 5 propertiesWhile the above is over simplified, the concept is sound.Sufficient IncomeYou'll need income from multiple properties to replace your current earnings.