Multifamily properties (2-4 units) can be a great way to build your portfolio while minimizing risk—especially with FHA or conventional low-down-payment options.Also, networking is huge.

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

The challenges in this deal are minimal now that the property is vacant for sale.

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.

And you get some decent appreciation as well, unlike the midwest where appreciation is minimal. 

I am brand new to this app, and wanting to connect with people who have done wholesaling with minimal money of their own involved. 

Leases typically last 6-12 months or longer, minimizing vacancy periods.Best Fit For: Investors seeking a “set it and forget it” approach.

Look for brokerages that cater to investors or offer minimal oversight plans, such as virtual or flat-fee brokerages.

If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.