And that's the most conservative side of things, using many prevailing things out there such as house hacking or using FHA and annual/bi-annual move you can get a 20:1 leverage, earning on $20 for every $1 you invest.     

Get a small MF you can house hack and start that way.I'm not an expert on the auction scene, but, from what I have read, that is a challenging first step into investing. 

Once you are on site you can decide if your $20K should be used as a downpayment on a double to house hack (to stop renting), a single to just stop renting, or a single to lease out.

I’m based in Colorado and have been investing here since early 2021, focusing on strategies like house hacking, rent-by-the-room setups, and flips.

I've been a BP Featured Agent for many years, targeting multifamily investors and house-hackers.

That is a great place to start, as well as hitting some local real estate investor meetups so you can meet some other house hackers in person who have done what you want to do.

It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc. 

Hello everyone!
I was on here pre-pandemic when I tried the STR market. I’ve realized I need more passive options, and have moved to a syndication and private lending.
However I have a contractor who I’m consideri...

@Erin Colbert You would need to be living somewhere, and you would need to sign the deed restriction.You can live on the couch and rent out all the rooms in all the ADUs and JADUs you wanted - as long as you sign the Deed Restriction for owner occupancy, as well as that would go along with the sale, so you could not sell to investor just renting out the house

Quote from @Tar-U-Way Bright: Hello Everyone,I'm preparing to purchase my first investment property in the new year, which I plan to house hack.