Quote from @Eliott Elias: I have a JV agreement I can share with you  I would love to have a copy of this agreement if possible.

My thought is since I would find a single family home into a duplex that has had a very short, or possibly no rental history it could cause trouble at appraisal since NOI would be difficult show.

I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future) 

I would definitely consult with an insurance broker and possibly also an attorney about this.  

The hustle is great.)But in general, I'd want to buy instead of arbitrage, if at all possible.

Check all the CapEx components to the property and have a good contractor with you if possible.3) Schedule a cadence for communication and updates on the house, even if progress was minimal during any given week.4) Demand quality and coach your contractor.

I don’t want some part time agent who ignores calls just because it’s a Saturday, I’m trying to streamline future processes by making sure i get the best agent possible starting out, so what are some good questions to ask?

He did say that possible upside is that people are moving away from the city into the county due to a supply shortage, but I looked up the population of the town and it was less than 1,000 (2020 Census).

If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.

From flipping houses to building passive income streams through rental properties, the possibilities are endless when we combine our expertise, experiences, and, most importantly, our passion for real estate.So here's to new beginnings, exciting ventures, and the boundless potential that lies ahead.