I'm wondering if renting a 2-3 room apartment and setting it up as a midterm rental is a viable option to get started, or if it's just plain stupid.

A bit like a security clearance for employment in a military manufacturing setting.

So, to recap, work with Realtors, Lenders, Whole-sellers, other investors, friends, family, direct to seller mailers, cold-calling, etc etc to get the deals.

AZ does not seem to recognize Series LLC, so I'm wondering if I could set up a Series LLC in either WY or TX, then use it to purchase properties in Ohio or Alabama?

In the meantime, I plan to cold call opportunities I picked out that look promising.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

Turns out I’m not the market that sets the price.

but there are missing pieces of information that would make this a great or not-so-great idea, like your skill set, the amount of time you can dedicate to RE weekly..

I have helped hundreds of Veterans with this strategy.You should have a small reserve set aside for repairs or unexpected expenses, say like $2K-$5K, depending on the property condition.

it is extremely hard to find good deals in my market. side question: given that this is a big 3-unit apartment building in a HCL area, how much should i set aside for repairs, maintenance, and capex every month/year?