New hospital which is bigger than most hospitals, new dentist school (biggest in state), etc...If you cannot find a tenant occupied existing duplex, either build one or buy existing single family homes that are easy to rent.

And fortunately for you, you bought at a discount during the time when the market was the lowest, therefore making the biggest gains.

You're goal is to use your small deposit to be able to go to a bank and get the biggest loan you possibly can.

I'm just curious as to what your biggest problem(s) is as someone who's just starting out in REI?

The cost of the paint is almost never going to be the biggest issue.

Worst of all you aren't building any equity...which is one of the biggest benifits to home owning.I could be 100% wrong, I know I don't have all the details but in general its a fairly risky type loan.If you are absolutely certain about being out of the house in 3 years...an ARM might be a better option, as someone else suggested.

I always heard getting the first deal out the way is the hard part.my biggest holdback is fear.

The biggest building I currently have is a 6 unit.

Most underwrite to the same guidelines put out by the same end investor who buys these loans.One of the biggest hurdles now is their landlord experience requirement.

Even the biggest dump around here would get $450, and that wouldn't include water.