Hello All, I am new to real estate investing and looking forward to learn from you all here from the bigger pockets experts and members and reach my goal of financial freedom in next 7 to 10 year time frameRegards DY

So, I have not done anything in Waco but from our experience in Bryan/CollegeStation, places near university bus stops and being abreast on what thecommunity is investing in as far as development tend to be better areas andhelp with appreciation.Again, I'm notperfect and still trying to navigate the markets and always trying to learn myself!

After purchased and rehhabed total invested $213kThe current ARV is $225k I decided to rent the property long term rental contract  for 1 year, it will be expire next August 2025, current rent is $2,250 minus expenses, cash flow is $1,600 each month.   

This is my first investment property, I plugged everything into my deal analysis calculator and it seems to be like a good deal but I want to ensure I don't have any surprises. 

  $98,000 cash has been put into the properties (one duplex, one 5-plex, one 4 bed single family...three total properties)

tons of real estate investing podcast on apple podcast such as BiggerPockets, Lifetime Cashflow through Real Estate, Multifamily investing made simple, just to name of few. don't forget to listen to motivational and self improvement podcasts because mindset is everything 

And you need to weigh those pros and cons to make sure Section 8 investing is the right decision for you personally.I'm currently starting an eviction on one of my S8 tenants because she's trashing the place.

@Andrew ThomasSorry you I was shift my focus from purchasing my personal residence to purchasing my first investment property as a realtor you should have access to a program called realist you can easily go in there and search for out-of-state or out of County owners one of the best ways to Market is handwritten envelopes it is almost a guaranteed open versus any other kind of marketing realist has so much information how long people have owned the property with their mortgages Etc I would also try to find as many wholesalers as possible and sign up for their list and look at how they are packaging their properties you will need to go and join some investment clubs a national Club you could potentially join is called Lifestyles Unlimited I'm sure the information they teach is also available on Bigger Pockets at the end of the day if you have a great deal you will always be able to find an investor for it

I am trying to evaluate the benefits & risks on purchasing a 2-4 family or a single-family home and convert/build an ADU.

Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.However, there are some things to consider.