First off, the cash-out refinance requirements have gotten tighter w/ the "seasoning" period.

Sometimes you need to know when you can hold em and when its time to fold em and move on.

.: I recommend networking and building relationships first.

I have owned several single family homes as rentals in my own name, my first LLC holds mostly 2-4 unit small multifamily properties, while my most recent LLC has all 5+ units.

A little background: Feel free to scroll down for the main reason of this post...I started out in 2011 trying everything to make my start in real estate but was not successful until 2015 when we purchased our first duplex in Fresno CA.

Right now, I’m looking to buy my first duplex, live in one unit, and rent out the other to offset my mortgage.

Organic will always be 2 to 3 times higher.  .    

You'll most likely have to do it multiple times.

Quote from @Roger Paschal: Quote from @Quentin Hollis: I'm currently working on my first real estate deal and will be buying a property subject to the owners existing mortgage.

I'll be honest, when I asked this question, idaho was already my first pick.