I'm essentially just repeating what I heard in the BP podcast in this regard, and have no first hand experiences.

Now, for a beginner, my classic approach is to house hack because you get some hands-on experience with most facets of real estate investing without fully jumping in per se.

The article gets one thing right: Landlords are suffering at the hands of tenants that continually make bad choices.

On the other hand, by house hacking you may achieve the same living for free scenario or let’s say that you are $100-$200 out of pocket, but you will also benefit from principal pay down (you gain equity with each mortgage payment), tax breaks, inflation (each year your rent may increase, while your mortgage payment stays the same), and appreciation (maybe).

@Tanya Lechner thank you so much for extending a hand, if you don't mind would you please PM me with the details so we can coordinate something? 

I cannot finance a project like this by myself but am curious if anyone could lend a hand with connections or insight on what would be fair terms.I owe $350k on my home and am in the process of applying for my HELOC that I am thinking I can get about $200k out (if it is needed).

@DavidBookman I have been listening to a lot of the podcast and reading some books, I have been having a hard time getting hands on experience.

I hope that's an accurate interpretation; here's my answer:1) Get to know values in your market, like the back of your hand. 

On the other hand, I've bought a re-assigned wholesale.

First post.I own a plot of land in Boston that was considered "unbuildable" due to zoning constraints, but after a long appeals process I have a permit in hand for building a 3-family.