In fact, I just originated a loan with a loan officer at the 4th bank in which we've originated loans together & now originate $8M loans with bankers who originated $80K loans for me when I started.

Would like to start our REI journey by converting our primary single family home into a rental.

You don’t want your lien wiped off should the 1st go to foreclosure, and you don’t have cash to bring it current and start your own foreclosure.

I have a lot of knowledge I'm hoping to gain so even if I am missing out on some of the profit I could have made, to me knowledge is something you cannot put a price on when starting out.

Do I need to start at different price?

It's also how McDonald's started its operations, by renting ground and building on the leased land.I would really want to own the land for a home and keep looking tbh.

I can ramble about this for hours, but whenever you're ready feel free to reach out I'm happy to chat further. 

You will need 2 years of track history unless you have another job/someone else on the loan. 20K is not enough to start.

It's no guarantee but it's a good place to start.

My question is do more experienced real estate investors see this as a good starting investment idea?