We have sold a few properties and experiencing this process from the seller's side double underlined that for me. 

Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

Hi Jaycee,Chose this area because my partner already had a section 8 rental here that is doing well and has a team set up.I have no experience with section 8 tenants.Appreciate the advice on starting an LLC.

It's really important that you work with an experienced loan officer or broker, especially on a time sensitive purchase transaction.

Based on some of the previous similar threads, it seems that having a good cross-border team is a crucial step in this game.

I would focus on building your team.

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

If I'm mentally and emotionally all-in on the incoming administration and think the economy is going to be amazing, best economy with the biggest hands ever, etc etc, then I can do better than gov't bonds, given the emotions I am experiencing.

While it turns off most BP participants, maybe a less experienced newbie will “take the bait” and “bite”.