In my area, which is seeing MF assets trade at crazy low CAP rates a property with 18k NOI would trade for less than 300k.

The power of the BRRRR method is enabling you to recycle your cash over and over, adding more cash flowing assets each time.

Hi Bowman, it seems to me that your biggest disadvantage will come from the lack of knowledge about what is feasible in the market you are in, because I think that should largely affect what your acquisition strategy is.For example you may want to buy something that cashflows but if you are in a rapidly appreciating market like we are in right now in the Twin Cities, you will have a hard time finding something to get excited about and will need to target different asset types or adjust to find another way to get your money to work for you.In this market your advantages aren't particularly helpful as there is so much money chasing deals, that the ability to qualify for financing doesn't really set you apart.  

Also I am working towards qualifying for a first time home buyer program that I will use to obtain a multi family property so I can not take out a mortgage for this particular property.

-The tenant has no "buy in" to the asset, so they are less likely to have pride of ownership.

I know networking will absolutely be my best asset in getting things started and learning from people already active in the market.

I am in short term vacation rentals currently, but I'd like to expand to other asset classes, such as Multi-family, SFR, and Long Term Rentals.

I’d be a hypocrite at that point and I have a higher authority to answer to . .. and Really Your not fooling anybody because it only takes a simple online search or call to the tax assets office to find out who actually owns the building even if it’s in a llc .

There is only 1 asset in the world that none of us can buy more of: time.

Less money to Uncle Sam means more money to purchase income producing assets.