But struggling to find the right property  Hey Kalon, I would highly recommend you figure out which city/state makes the most sense for you to invest in, then build your CORE 4 around it (realtor, attorney, property manager, and contractor).

While mortgage+ taxes may be similar to rent, you are not paying down the principal early on in the mortgage and closing costs on either end are likely to add up. 

Its a nice shopping center in demographics that will continue to use the space.Is $130k too high or what would you offer with the information provided.

High purchase prices, need to choose right areas within a market.

Demand is high, inventory is still low.

I'm asking this question due to months of searching for multi-family homes to start my multi-family journey but the prices are way too high to purchase as a newby. 

If the interest rates are high (double digits)-think about paying it down faster. 

Just for some background info......the only reason I started and own Skip Genie now is because I specialized in highly distressed vacant properties and learned the ins and outs of how to efficiently find and contact the owners/heirs and then be able to close on them.  

The 1% and 50% rules are guidelines, not absolutes, especially with high interest rates.

super high cap rate. 6% is not even close.