Also you can get more transactions under your belt representing buyers and sellers, and make some money doing it. 

There's also the option of Private Lenders, partnerships and hard money loans if it's a flip but most want at least one flip under your belt.  

And then separately, what 4 plexes are going for, again on a unit value.There is no accurate way to determine value, prior to making an offer and getting it accepted, but using comps for 2's and 4's is probably going to be more accurate, in this case, than cap rate.Would not hurt to do cap rate too, just for a "belt and suspenders" approach.

How many Flipps do you have under your belt at this point?

`By that point, the hope is that we have our foot in the door and a little experience as landlords under our belts with at least one cash flow positive rental property.

Once you get your first deal under your belt you should use some of the funds to have an attorney set up your s-corp. if you plan to do any buy and hold set up a separate LLC to hold those.

Even if the person living there now (a relative by marriage, currently squatting) paid the back-taxes they would only have three years under their belt.

These types of centers for convenience are not going away anytime soon folks.If you are in a cold belt state or a weak suburban to rural area in a cold belt or warm belt state then you might have over retailed areas they may never bounce back.

I have a few flips under my belt and I'm definitely hooked at this point.I have a true passion for real estate and the various concepts surrounding it.

Just starting out, a few under your belt?