We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei. 

I do have an agent I know personally but she's only in the area at certain times of the year.Section 8 would be better than nothing.

He only occasionally rented it out monthly during peak times and was getting 30k a month. 

Quote from @Sharon Bancroft: @Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

As you get deeper into your career you will of course need to spend time servicing these leads so you will have less time for prospecting and lead generation right?

Jung,Welcome to the BP forum its a great time to start as mortgage rates fall and home prices still priced well in many states.

We've used Reg D 506(b) for our syndications and ONLY communicate with investors that have a prior relationship with us.There are two illegal activities that I see all the time. 

This was my first time ever buying property.

This was my first time buying a property solely for an investing purpose, and Melissa Justice was the person that I was connected with to help me pick out properties.