Of course, you won't listen to this common sense because you know more than everyone else here on BP and will have to learn the hard way.So, recommend you find and attend some local investor meetings or commit to watching all the videos and reading all the material here on BP that you can.Good luck:)

There is a reason you see all these syndicators with their own podcasts, blogs, hosting and attending meetings.  

From the conferences I have attended, all I have read I think 3x rent is more common but that doesn't mean your PM is wrong. 

Also, I don’t attend college and I do live at home, and as I also said in my reply to Caleb I have already considered and will be trying to implement more frugal spending habits to save up for the down payment I know I need.

It would be a good idea to lookup meetups in the southern suburbs and attend them.

@Alex PenaI recommend finding local meetups to attend. https://www.biggerpockets.com/forums/521I have found all of my best connections at local meetups.Ill be at the beers and deals meetup tonight!

You can search on Google, attend REI meetings, or explore Facebook groups.People invest a lot of time and energy in generating off-market leads, and connecting with reliable, reputable sources who supply quality deals can be a game changer.

Start networking with local investors and attend investor meetups.

You have come to the right place to begin your investing journey.Have you looked into attending local meetings and joining Facebook groups? 

The open houses I attended for flips recently - their  costs were around $300,000 for a major renovation  in 2024.