You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.

I don't expect to know everything by then, but I hope to develop a basic strategy that prevents me from making the most common and costly mistakes that a newbie can make.

Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?

So many newer investors are obsessed with underwriting models as though the most intricate and complex model will deliver the holy grail. 

I am a new member here and currently live in Tucson, AZ.

For most of 2024, we saw 5-6 months of inventory in the Austin area.Here are the December 2024 for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin in 2024:The median sales price for a single-family home in December 2024 was up roughly 9% from the beginning of the year.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

Some can still hit it but not most

I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.