Often times these investors can't find enough deals within city limits and are willing to expand out a bit.

I have heard that there are flat fee mentors but they limit the time and they dont allow shadowing CAN SOMEONE GIVE ME ADVICE????!

Very limited ROI. 

I guess a large hesitation of mine is it seems like a "failure" usually means losing money, which seems like a bigger problem for new people who have limited resources (and just starting out trying to diversify their income).

I really want to go ahead and get pre approved for an FHA loan in order to buy a house hack, but we are still working on saving capital and due to our budget limitations, I am fearful that in order to get approved we will have to wait until my wife has two years of income under her belt and both of us can be on the loan and we can do our first house hack.

As for where to start, I would start by reading the BP forums, listen to BP podcast episodes and check out the beginner's guide here: https://www.biggerpockets.com/real-estate-investin...In my opinion, his methodology is helpful to people who have a lot of consumer debt (credit cards, personal loans, etc), but not all that applicable to real estate investors. 

Hey there,I'm brand new to investing in real estate and thinking about getting into multifamily properties.I'm looking for some advice from people who know what they're doing and was hoping that someone may be able to help me here.I've done some homework and educated myself to a point but I don't know anyone with real estate knowledge so I keep telling myself it can't be done (hopefully someone on here will tell me otherwise) Here is my situation: $300,000 in equity from a Single family residence$100,000 cash to investNo limitations on which state to buy in Thanks,Peter Knox

I have a great lady, I give her basic info about the property, she gives me ~3 options with the price and coverage I am looking for (and am required to have) and I fill out one application, she takes care of the rest.YMMV

I don’t have any experience with commercial rentals yet and my residential is extremely limited.

For example:Single family: You will probably be more limited with financing on a single-family because it will have to be a non-owner occupied loan (unless you try and rent out homes).