1) It is hard to say which strategy or financing to choose but I believe the first step should be getting pre approved and seeing what you can afford and start narrowing down your options maybe you can’t afford large multifamily or don’t have the capital for a rehab on a BRRRR so something like a single family or small multi family would make more sense. 2) Figure out what strategy you are comfortable with, you mentioned you had a wife for example, maybe house hacking a duplex (living on in unit and renting out the other) will be more comfortable than house hacking the basement of a single family. 3) As for financing, get pre approved see what you can afford and maybe you only have enough for FHA 3.5% down and closing cost, I don’t know the Spokane Washington market.

I am also an investor.I believe it is most important to first narrow down a market in which you want to invest and then find a broker/agent who is knowledgable with rentals in that area. 

Try to narrow down your options to the top 3-4.

So to the degree you can narrow down your buy criteria, the better off you're going to be.

@Enrique HuertaIm pretty new so I started broad and narrowed down my search as I started to understand places a little more.

I've Narrowed down my search for LTR investment properties to 3 markets in the midwest. st.

Very informative and gives an interesting look at investors' experience in this market.But courtesy first, my husband and I are "out"-out-of-state investors, looking for deals in NE and East of Downtown.For the past 3 months, we've been researching and submitting offers on properties to match the COMPS and rejected.Our budget is about $100K, stretching it to 120K for the right property + rehab.The problem is that we had to offer low-balls for the numbers to work, and then get rejected.It seems it's a narrow fit to BRRR, hence the cashflow is "on edge" here.Doesn't appreciation suppose to be the icing on the top?

This is helpful once I narrow down to a desired market.Thank you!

Once you've narrowed down the list you can spend more time diving into each deal.

That's great you've narrowed your focus into Philadelphia, PA.