Hey @Theo HicksHere's my take the numbers are okay but if you have 500,000 to spend in Cincinnati market you could buy 6-7 turn key sfh or smaller 4 units and not have all your eges in one basket plus norwood is not the easiest place to deal with and depending on the side of norwood you have to be careful of the drug usages and the type of tents you will attract .

The amount of PITA (Pain in the you know what) and legal fees to create an agreement will probably outweigh half a years profits from a turn key.If you are buying Turn Keys I don't know why you would want to have a partnership.

Anyce, It sounds like a great plan that you've laid out for yourself (and I most likely say that because it mirrors my own plan starting out :) But seriously, the easiest way to get your start is to be a serial mover.

I can show you around half a dozen localities in a 100 mile radius of where I live where real estate prices rose during the "crash" of 2007-2009.

Getting too wrapped around the axle about finding the ideal first deal is a good way to miss the game because you were too busy sitting on the sidelines wondering when to enter.sounds awesome. the second half of your post is nailing where i'm at right now: figuring out when to jump in based off of knowing that something decent is in front of me rather than waiting for great numbers in particular. my goal is to have something during first half of next year and not blow it, basically. if i break even, or anywhere near it pretty much, then i'll be happy cause of getting over the knowledge/fear/hesitancy humps.

I have been in my real estate investing career for two and a half years at this point and have accumulated 5 properties consisting of 15 units.

I just graduated about a year and a half from Cal and have been working since graduation.

I think the easiest way for you to get started would be to buy a small single family home or duplex.

With current conventional programs you could actually get the second property using a 3% down conventional loan which saves you half a point on the down payment and FHA related cost. 

The tenants are not asking me to pay for their dryer but (I don't know why ) my property management company is suggesting I pay for half the cost of fixing their dryer which does not sound right.