These are just a few key questions to ask yourself before diving in.A great place to start is by listening to the Rookie Podcast on BiggerPockets—it’s packed with insights for new investors!

Over time, we have developed systems to handle these situations as effectively as possible.

Quote from @Alex Spivey: I want to start renting as soon as I can so does anyone have adviceYou want to find a place to rent and occupy, or you want to buy an investment that you can rent to others?

I would to use my equity in my current home to start investing but my current property needs work, like a full rehab.

@Jahniya Butlercan you start with a house hack instead? 

I'd start by giving all residents the required notice (usually 24 hours) and go inspect the units as quickly as you can. 

Breaking it down by room can make the process a lot easier.There are also some great pre-made checklists in Airbnb host groups and forums if you need a starting point.

And start the two year clock ticking again. 

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

House hacking is a great way to get started.