After 20 years in the investing game, plus working as an investor-friendly agent, I’ve learned that hesitation can feel like a big hurdle but often ends up being the push you need once you break through it.I’m personally based in San Diego, California, and licensed here, but I’ve also looked into projects across the country with folks who sought better cash flow.

Best,WilliamThis introduction highlights your enthusiasm, transparency about your experience level, and desire to connect with others while establishing your goals.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

So you will need to have skin in the game.

It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city. 

My dad and I (both with access to VA loans) are about to get into the multifam game and how we proceed is really going to depend on the true occupancy rules for the VA and our lender.

In regard to the best interest rates, the market is pretty fragmented so it's best to check around wherever you are looking to establish your foot print. 

@Edward Toomey V I feel like this is a frustration for us all in the property management game.

It was those 2022 delivered  projects where I became an accidental landlord that led me to focus more attention on building to researched housing needs rather than simply replicating the inventory other's bring to the market and it's been a game changer for me and my business. 

It's all fun and games until your bank freezes and converts your line for any number of reasons that are in the loan agreement.