It's definitely easier to find a cash flowing property in Midwest but I am of the opinion that cashflow in real estate keeps you in the game but appreciation is where you build wealth.

New investor here and excited to engage with the community.

To clarify, I have been studying real estate for several years, but have been otherwise engaged in operating  other businesses that my wife and I both own, both as CFO and CEO roles.

Love to hear your getting in the game at 21!

Starting out in real estate can be overwhelming, but with your background in flips, creative financing, and the Pace Morby community, you’re already ahead of the game.

This my friends on BP is just the reality of Real Estate you have two basic methods One mom and pop keep their day jobs and start buying long term hold rentals as they can afford them and if they like it they keep at it..Two you jump in the game and try to make money transactionally IE RE Broker  Flipper Wholesaler MLO  leasing agent etc etc.. this also is a long term ramp.. what the Guru programs attract generally speaking is those that get excited think they can somehow buy a program ( any program pick one) and its going to jump start them to this mythical financial freedom everyone talks about..

After a few months you figure out that your team has not really engaged your property on a regular basis.

Engaging in finding renters for clients on rental properties normally isn't worth a realtor's time.  

I would do a game room over a movie theatre.

Ramsey, your game plan seems like a great idea.