Even though it did not go as planned and we turned out to not be profitable, I think it's just as important to talk about our failures as much as our successes.

Hey @Tori Trent,It sounds like you have a great plan in mind!

first, you need to understand what created the motivation for an owner to sell the house, then create the list according to those metricsAlso, you need to have a plan once you get a list, how are you going to get in contact with them It all depends on your budget. 

We're considering selling the property due to challenges of long-distance management.We're still interested on investing out of state and plan to gradually scale our investments over the next few years, focusing on areas close to Illinois, like Wisconsin or Indiana.Any suggestions on how to approach selling our multifamily property and buying in Wisconsin or Indiana in the current market would be greatly appreciated.

What's your major and what is your plan for your college degree (for example, are you a finance major and planning to work for a large investment firm)? 

I am looking for feedback on this plan, tips I should know, whether or not 25k cash is a good starting point, and if there is a better way to snowball rather than just househack 1 property per year. 

It's difficult navigating the home purchase process in general, but a lot of more difficult buying something with costly surprises you didn't plan for. 

It is currently a 2/1, we plan to convert to a 3/1.

For example, you might borrow $200,000 at 12% interest so you can buy a house for $140,000 and spend $60,000 on renovations.

Planning to put more then 20% Downpayment .