Welcome to the forum.Feel free to ask any questions you may have as there are a lot of experienced investors here who are happy to guide you in attaining your RE investing goals.Ed

If I wind up winning the property, make a down-payment on the bidding price and attain a mortgage for the remaining principal.D.

I hope you enjoy reading them.It sounds like you have your plan laid out and I wish you all the luck at attaining your dream.Have a wonderful and safe 4th of July.

To answer your Topic Question, I agree with Sam- you must have a sound business plan that will logically show how those high returns can be attained.

It seems that although there are stipulations here and there, isn't attaining a license in RE saying to the world that you are committed to your career?

Is that the cap rate for properties in that area, or is that a cap rate that you want to attain?

wow I'm 19 yrs old too and was also looking to try my hand at multifamilys I thought like getting a fourplex would be good but these are hard to ind in my area a duplex or TRU is a great idea because of the potential for multiplied cashflow also hopefully you'll attain appreciation my goal was to acquire these build up equity and appreciation and sale and avoid taxes by doing a 1031 exchange and use profits as down payment on an apartment building  but def I think you should start with multi .

I'm on the hunt to build a stable of 22 decently cash flowing houses and attain financial freedom.Open to your thoughts!

That said, I have many friends who are investors, restaurateurs, bar owners etc and have had great success in growing their restaurant, bar or investment portfolio by completing waterfall distribution models and attaining private lending. 

Okay BP so i'm looking to get into my first deal and i'm looking at two different options.option 1: Buy one of my mom's rental properties from her with seller financing.option 2: Use an FHA first time homebuyers loan to by a duplex, triplex, or fourplex.My main question is if I use seller financing through my mom and attain my first property that way would I still be eligible for the FHA first time homebuyers loan since I technically won't be living in the seller financed SFH rental property?