Where I'm StartingI'm interested in starting out by buying a duplex in the area and house hacking, to get a taste of building passive income while I also build experience being a landlord.

I also want to give a special thanks to Brandon Turner because my first real taste of BP education was a multifamily webinar that he gave.

If you make decisions, or if you predetermine future events based on the way they "sound", you are going to miss out on a lot of great opportunities.If the first time anyone heard any of the following statements:1 - I can build a set of monkey bars, out of wood, wire and cloth, and it will allow me to fly,2 - I'm going to take a bunch of "1's" and "0's", string them together in different patterns, and it will allow me to think about anything faster than the speed of light.3 - I'm going to eat a white oddly shaped ball, that came out of a chicken's....and it will taste great.4 - I'm going to collect and drink a whitish liquid that a cow had sprayed on the ground, and it will taste great....the words, "it sounds too good to be true" were overheard, and none of the above were done because everyone that heard those words believed them, we may never have the use of a computer, and airplane, and would not have been able to eat breakfast when hungry.Money doesn't make a noise, so money decisions shouldn't be based on what you hear...but by what you see.Credit cards work, if you are disciplined enough to work fast enough to pay them off before the interest kicks in.  

Everyone has their own investment taste and strategy of choice.

Do you know your target tenant profile (age, salary range, consumer taste)?

If you are replacing a kitchen that is in horrible condition, cabinets doors missing, avocado coloured appliances, gross and burned laminate, you should be able to make a much higher than average return on a renovation.The other thing is that many people who renovate areas of their home do ti more to their personal tastes, and worry less about the costs.

Remember all REI is local; the local economy, local tastes, local demand and local prices.

Any journey is exciting when one tastes success in the beginning.

It's very rare it will work and Thanksgiving dinner will taste differently.

and it would be nice if we can rehab it to our taste and earn an experience that if proven costly our exit strategy is in place (living in it) Also what are our financing options?