Also, what strategy do you intend learning/using for your first investment property?

As for masterclasses, they can be great if you pick one with practical, up-to-date strategies.

Weighing the long-term appreciation potential of California against the stronger cash flow of other states will help determine the best strategy for you.Good luck!

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

@Michael Goddard Not a bad strategy. 

Lack of a exit strategy.

If you're wanting to use leverage to buy more properties, then once your credit is around 680+, one strategy would be to cashout refi your current property at around 50% LTV.

Which strategy below would you do in the Austin market? 

@Akash KakumaniThe Nevada side of Lake Tahoe and the Reno area have easily manageable restrictions and opportunities for different STR strategies beyond vacationers.

Does anyone have strategy recommendations for purchasing multi-family properties with zero-low downpayments?