What are some tips and tricks as well as general advice you guys would give to the newbie investor who has found an incredible financing opportunity, who wants to jump straight into investing in 100+ unit properties?

The best way to get started will be to work as an admin, you can help with answering calls to a top producing agent.

I am considering moving into up-leg property so I can rent out my residence to create more cash flow. 1031 requires "Like-Kind" re-investment so it requires up-leg to produce the return.

Picked this tip up from The book on investing in real estate for no (and low) money down by Brandon Turner himself.Lastly, I have head of 1% loans in AZ but they require a high credit score (above 700) so as not to produce sub prime loans..still a little worrisome with that kind of leverage in my opinion ..but I digress.Hope this helps!

It is incredibly unlikely that this will come up, unless you attempt to get another owner occupant mortgage within the next 12 months.If it does come up for some reason, you will have to document the portion I put in bold.

1200 HOA fees are incredibly steep, not including a mortgage, insurance, taxes, don't you think?

Although there are many variations, a cap rate is often calculated as the ratio between the net operating income produced by an asset and the original capital cost (the price paid to buy the asset) or alternatively its current market value."

.- I've done a few significant buy, renovate and hold projects that are producing good cashflow, but I'm carrying a fair bit of debt, so not in a great conventional loan position, though I do have a steady W-2 job.

We already have an income producing billboard on the site which basically just pays the property taxes.

BP Podcasts are incredibly helpful.There are also many helpful books about the topic, you can find more at biggerpockets.com/books such as UBG (ultimate beginners guide).