Avoid anything with condo association fees or homeowner association fees as they DECREASE CASH FLOW with no real contribution to the bottom line.Lastly, since you are new, when you do get a property DO NOT HIRE A PROPERTY MANAGER.  

@Scott Trench, to your point, first we need to distinguish between a sub to done between two investors, and one done between an investor and a homeowner.  

As a homeowner, you're already ahead of most people :) I grew up in CA and moved to Reno, NV to live and invest.

I’ve been personally investing in tax lien certificates lately.If you don’t know what tax liens are, basically when a landowner or homeowner fails to pay the taxes on their property, a tax lien certificate is issued by the municipality that reflects the amount owed on the property, plus any interest or penalties due.These certificates are then auctioned off to the highest bidding investor.

Investment Info:

Condo buy & hold investment.

Sale price: $325,000

Bought my first property 2020 for my primary residence and was able to purchase another property in 2024.
Moved into the new propert...

As already mentioned, house hack would probably be the smartest and easiest way to start, you get to learn to be a landlord and homeowner all at the same time. 

We're the only PPL company in the U.S. that phone-qualifies each lead, guarantees contact with the homeowner, and guarantees a below-market asking price from the home-seller. 

Share your experiences and advice with fellow homeowners and investors below!

I'm seeing that a lot of the municipalities will allow homeowners to submit building permits, but will place limitations on residency requirements and property types (i.e., not allowed on townhomes or condos, must be primary residence for 1 year).

I know several homeowners that are "self insuring".