And markets like Tulsa, Memphis, Nashville, Indianapolis and the like are your best bet for cash flow on holds. 

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

We like doing the hard work of doing due diligence, researching property histories, getting estimates, negotiating contracts, etc.We're also going to be looking to buy and hold in the near future possibly by BRRRRing.

Focus and consistency are going to be your best friends.Also, I wouldn't tackle buy-and-holds right now unless you currently have a high cash flow revenue stream in place.

Quote from @Thomas Jay Bledsoe: Investment Info:Small multi-family (2-4 units) buy & hold investment.

Exit Strategy & Risks-Market Volatility: You might have to hold longer or sell for less if the market goes down.

I also planned to hold this property for long time.

✅ No risk, no cash out of pocket✅ You work with, cooperate with, the homeowner instead of negotiating against them✅ No tenants and toilets✅ No maintenance or repairs✅ Short-term deals with sizeable assignment fees✅ Those fees can fund long-term strategies like buy-and-hold or fix-and-flipIf you’re an aspiring investor looking for a low-cash entry point into real estate, Cooperative Assignments are an effective strategy.  

With 400K my initial thought is doing a BRRR/Flip that is close enough for you to be hands on.

Can you hold them in a crisis?