For me I have 3 main goals I am shooting for:1) Pay back the debt I acquired purchasing rentals this year. 

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

Does anyone have any strategies on working with private lenders to acquire rental properties without using capital??

I had closed on the new construction in January 2022 after acquiring the land through cash.

Will it be worth trying to pay those down quicker over the next several years or use savings to try to acquire more properties via other loans? 

The assets I see them actually acquire do not correlate to the money they've raised. 

@Mike Johnson you definitely have a different set of problems or potential problems depending upon where you are at.Brand new and acquiring your first rental you're going to manage:Everything can kind of be summed up as you don't know what you don't know.

I know, when we acquire a new property, we need to dump 30-60 grand into the whole building to bring it up to our standards. 

I also notice that @Gregory Schwartz mentioned Huntsville in particular—I definitely think that it’s a strong market for long-term appreciation.As for your concerns about investing out of state, I think an investment strategy that is as close to passive as possible would be best.A do-it-yourself approach—where you acquire a property, place a tenant, interview a bunch of property managers, and handle maintenance yourself—is going to be pretty tough to do remotely.

Quote from @Chris Watkins: Quote from @Chris Watkins: Quote from @Eric Lee: Hi all,I'm looking to acquire my first rental property and am strongly leaning towards a short-term rental while doing a MTR for off-peak seasons.