Rents have gone down since I started my research.

Hello Everyone!! I have been educating myself for the last 6 months on Real Estate Investing! I have my eye on this one Duplex In Central Pennsylvania. I’m open to all tips and also any RE Investors Meet-Ups in The Ge...

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

I have couple of lists but not sure which one to start with. 

Do you also use Redfin/Zillow as a starting point? 

That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

Raising money is all about marketing and sales (not real estate specific) so either hire marketing agency and read sales books, or hop on some LinkedIn courses on marketing and sales.Not sure the legal structure to use: talk to accountants and attorneys.Need deal flow: talk to brokers and go to a lot of networking events.Lending terms: start calling banks and loan brokers.From there, it is all risk mitigation. 

Starting with a single-family can be a great way to start especially if you’re looking for a lower-risk starter project where you can get your hands dirty and learn a ton by doing.

Just would like to start building relationships with people In the Phoenix area as well.