Along with not having sufficient funds to operate their real estate they fail to consider what happens when the property must be refinanced.

If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices. 

The Capitol region, NJ, and CT are solid choices.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

It won't be as promising; the saturation of this thematic investing choice has defeated it's purpose.

Quote from @Collin Hays: I suspect that the Smokies is your best choice, simply because it is a year-round destination. 

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

Here are some thoughts on your choices:401k Loan: This can be a good option since you're borrowing from yourself, but it comes with repayment risk, especially if you leave your job.

I went with the conventional option for a few reasons, but that's not the best choice for everyone.

Going through my real estate journey I have learned a lot, I am 24, a veteran and a graduate from Temple University,I started with aspirations of investing on a property and making a quick flip.My problem lied with fear of failing, my capital and my savings.I decided I wanted to learn the real estate market and know the ins and outs before I would make a bold choice on buying my first real estate home.