For example, I used an FHA loan (3.5% down) to purchase a 4-unit property, which allowed me to put down a low deposit while still generating strong cash flow from multiple rental units.

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).

Each area has its own rules on how it works, but basically, you buy the house, pay a deposit and agree to rehab the house within a certain amount of time.

I am very new to real estate, anyone have any advice on how to start networking?

Knoxville isn't a luxury market. widen the gap and do new construction. find infill plots of land in better locations and have more control. work closely with a builder who Is working with investors. we have flippers who did hundreds of flips then they graduate to new builds and say it's much easier. if you have the balance sheet you'll be fine. budget 20%. new construction commands a 20% premium and is much easier to duplicate Over and over and much less risk. 

Currently in the middle of new floors, a new bathroom, new kitchen lay-out, new trim—after completing tons of demo.

That higher interest will be a lower cost than the closing costs for the refinance so a net gain (depending on your new loan size). 

Hey, I'm John.  I'm looking to network with people investing, selling, and rehabbing.  Thanks!

Hi @Derek Dickinson with your skills New Jersey has huge potential. 

any help is accepted