@Angela Fondeuri started by renting out a condo that i used to live in, and i grew slowly from there.the reason that i say a cheap property isn't going to help move you forward is because you'll be spending money on it that could be saved for a house hack, and you won't cash flow, because interest rates are too high.i am making numbers up but say you need $40K to buy a property in the midwest in a good neighborhood. 

I did the monthly pet fee/rent.

Savings rate?

Should i be analyzing cap rate on these properties? 

I can get an equity line tomorrow from my banker for 80%LTV, only closing costs would be $160 appraisal fee per unit and attorney fee but the rate is prime which is currently around 8.5%. 

I don't think that makes sense unless rates are really low. 

On the opposite smaller occupancy often are booking not far in advance of the occupancy.   6 weeks is enough to have high fill rate.  

Anyway, i am currently renting the property for 2300, with 10 percent management fee.

. - Use The First American Title Fee Calculator to get our estimates of title fee closing costs. 

I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end