@William Pichardo I read and like this real estate quote, "Every BRRRR should be a good flip, and every flip should be good BRRRR." 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I am going to declare that it is no longer a sellers market and that it is a neutral real estate market now.

I have an excellent credit score of over 800 and am looking for advice on what mortgage rates I should expect for a 25-year or 30-year loan.Additionally, I'd appreciate any insights on the benefits of opting for a commercial loan versus a personal loan for this type of property.Thanks in advance for your help!

Cleveland has a lot of good in-person real estate investor meetups.

If you NEED to buy for cash flow, you are NOT ready to invest in real estate.

Before, I lived in my ADU and had to wait to refinance before seeing real savings.

When scouting a property as a real estate investor, these three factors are paramount:Location, location, location: It's a cliché for a reason.

Real glad to be a part of this community!

Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.