That's solid advice, Frank.

It's rare they'll have enough room to make a solid profit and still pass on 25% equity (enough to "BRRRR out" your down payment) or anything close to that to an investor.

Definitely wait to hear from others, but wanted to chime in that we did it without a lot of knowledge and now we're super excited to learn about real estate investing and make this a solid way to earn income! 

I am actually considering selling a solid performing property now in my Illinois portfolio so that I can re-deploy the equity.

Donna Bauer has a great cours that is peanuts compared to what the expensive gurus charge and it will explain notes very well, as does Papersource University Online, good solid low cost education.Buying a performing note at the lowest price you can get it for is a good start on FCI, as they can service it for you and there is little work other than get paid back, unless they stop paying.

Logan is a very solid place to own rentals because of quality of life and it's tenant pool. 

Another had an eviction over ten years ago and as a result now prioritizes rent, and another had an eviction due to a temporary situation and an unreasonable landlord (I know him; he actually gave her a good reference).I have properties in C-/D+ neighborhoods; Policies that allow me to work with tenants when they can't pay all the rent and still limit my losses keep my places full but I would rather wait for someone with a good solid work history and adequate income.

In the residential space, they are a complete waste of time, money and effort.

I look for areas with solid properties in B type neighborhoods that are cash flowing and well positioned to appreciate.

All you're doing is reducing your cash flow (instant profit) and transferring your wealth from a liquid form (cash) to a solid object (reduced balance).