Many, many of us started with Rich Dad Poor Dad so that's definitely a good launching off point.The best financing terms you'll ever get will be for owner-occupied, so if you're able to do 3% down and the #s still work well enough, I usually do recommend the BRRRR strategy to new folks as the best way to get started.It sounds like you got some great experience in RI - the ability to do some renovations will be a big help if you get into rentals in any significant way.Networking is important, but the best advice I can give for that is, don't network with everyone.

You ability to perform each step well is what will determine if you can cash flow.In a situation where you bought cash, the refinance would be paid to you.In a situation where you had a loan, the refinance would pay off the loan with the remainder going to you.Cash flows are pretty to very thin on BRRRR strategy investments.

A correct setup of the property purchases, the loans, classes, and chart of accounts are tasks that go along way in helping you with clean books and the ability to scale.

This is undoubtedly impacting the value of rental property in NYC and for good reason, your ability, as a landlord, to increase rents and remove non-paying tenants has been dramatically reduced http://www.realestateindepth.c...3) Cap rates below financing rates, how are you going to get cashflow?

Many shops don't necessarily require a ton of experience but a strong work ethic and ability to learn.

@James Ross If you have the ability to put more down than the minimum down payment required you may want to consider your options as to why putting the minimum down maybe your best option for scaling your investment portfolio and increasing cash flow.If you aren’t required to, what does putting more down really get you?

My lender told me I need to file my tax returns one more year and my current condo was way too small for us, I wanted to buy but didn't have ability to close on a mortgage at that moment. 

The number looks interesting and has many value-add elements.

But, the larger issue is this:An exit out of an asset is a synergy of 3 elements.

It’s an IOU, based on nothing more than your integrity and ability to repay.