I’d definitely feel more comfortable lowering my expectations by half or a third and gradually scaling up by adding one small multifamily at a time.

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

But that was probably only a handful of us.so I agree with you, the large education programs tend to be more expensive and tend to produce lower results.

Have a lower priced course to get people in the door.

Smart thermostats, in particular, can help you monitor energy use and lower costs between stays.I hope everyone’s experiences and perspectives help guide you as you start this journey!

Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.

Then house hack a 4 plex to start I am sure you can get into one of those in that market which is lower priced than 90% of the US.  

Quote from @Melanie Baldridge: Why I like investing in real estate more than 401(k)s.Both offer tax deferrals, but here's the difference:If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.With real estate gains, you're paying capital gains tax (which is typically lower).Plus, RE investors get:1.