Start running numbers on potential deals to get more comfortable, and build out your team—like a CPA, property manager, and lenders.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market. 

Quote from @Spencer Elliott: Long story short, land is on loan and I’m purchasing a manufactured lot as a temporary home/future ADU to my final build.

Combine that with America’s housing shortage, and the solution becomes clear:We need to build more homes that align with what buyers can afford.

I found a really nice brick building with 12 apartments, 3 commercial business units and some garages.

Build a system that attracts the right audience.

I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

I’ve done a couple of fix and flips but I’m looking to build a rental portfolio.

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.