Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

What steps do I need to take to make sure I can get this going as smoothly as possible especially when it comes to resale in the future?

@Dominic Joseph Jean step 1, start getting educated/learning about what interests you.

But, for practicality, I divide my portfolio of notes into two distinct portfolios.  

Step two is learning to make it profitable.

I recently started my own practice as a real estate bookkeeper, and am excited to help other real estate investors cleanup their books!

You may not need these, but it's a good practice anyway.

@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.

@Seth DonnelleyKudos to you for taking the first step!

Here are some practical steps and strategies to consider:## Single Family and Small Multifamily HomesWhen looking at single-family and small multifamily homes in northern Illinois and southern Wisconsin, make sure to analyze the local market trends, rental yields, and property appreciation rates.