If your goal is to acquire many units, consider looking into more affordable markets such as Akron, Cleveland, Dayton, and Toledo, which tend to be more favorable for this type of investment.

I have been an agent for about 3.5 years, and working on acquiring my first couple deals for flips/BRRRR's asap.

We expect to continue to acquire properties as a group.At the moment, I've been collecting recommendations on suitable attorneys. 

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

You can acquire a primary residence as low as 3.5% FHA or 3%-5% for conventional.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.

Using VA/FHA/whatever to acquire the property, personally occupy for ~1yr, then move to the next and put the previous into revenue production.

Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the  roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.

I’m eager to learn the process and take actionable steps.I’m particularly interested in acquiring land and identifying creative ways to add value, whether through flipping, owner financing, or long-term holds.My long-term vision includes owning rental properties, possibly starting with a multi-family home where I can live in one unit and rent out the others.I’m also exploring opportunities in modular housing and small community developments to fill a growing demand for affordable yet modern housing solutions.Outside of real estate, I have a background in auto detailing and entrepreneurship, which has taught me the importance of quality, attention to detail, and perseverance.