Hello @Christine Vasquez,Many investors choose real estate markets based on gut feelings or popular trends. 

Connecting with investors is a great move too; it’s one of the best ways to gain real-world knowledge and build a strong foundation for your journey.What kind of investing are you most interested in? 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I have been a Real Estate investor for about 35 years and have never experienced such incompetence.

I look forward to reading the responses from experienced investors here, and I wish you the very best Sir! 

Many investors in your situation also explore seller financing or subject-to deals to minimize upfront costs, especially if they find a seller open to creative terms. 

Find a local REIA group and network, locally with experienced investors.

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

Some are first-time investors, others are very experienced. 10% down payment is available for both ends of the spectrum depending on the deal numbers.Shoot me a quick DM or email and I'd be happy to lay out the options available to you.

Quote from @Dana Hagans: Hey BP community, I’m looking into a potential flip in New York, and would love some insight from experienced investors.