Sounds like a great opportunity to get your feet wet and put your plan into action.

The potential is there, but still a little rough, and there are numerous foreclosures still, so some neglected properties that are a blight right now.

Hi Ali, we're looking at multifamily and SFRs for now as we want to get our feet wet and get some experience before going any bigger.  

This is the year to get our feet wet and we're excited and eager to learn!!!

Our reasoning behind possibly doing this, is we could concentrate our time on really developing our SOPs for the flip portion and get our feet wet.  

Even more commonly, I have been hit numerous times with stocks by fraud.  

that has only 1-2 actual tenants on the property with numerous abandoned homes.

If you are unsure, you could buy the property for cash and rent it out to "get your feet wet".

He told me to look into the FHA 203K to start buying properties to live in and rehab at a slower pace to get my feet wet and then refi and use the profit to do the same process on another home then pretty much wash n repeat. 

I am focusing on wholesaling and lease option strategies to start with...and hope to continue to expand my knowledge and experience as I go.Bigger Pockets has come up on numerous google searches for me whenever I had questions, and I found the information here to be quite diverse and extremely helpful.