I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)

Hi Travis,You're on the right track with your BRRRR analysis, and it's great to see you adapting to changes in lending options.

If they are paying, keep them on month to month.Our renewals 60-90 days before the lease ends....say something like your current rent is $1500, we are increasing rent to $1550 starting June 1st....and you as the owner get to choose one of two options....continue month to month at $1750/month, or sign and return 1 year extension by April 10th, or option 2, your lease will end on 5/31.I say do everything you can to keep tenants that pay. 

I think there are other options at play with a potential cash out refi, acquiring a 2nd property while keeping the 1st, or even selling to acquire a 2-4 unit property instead of single family. 

I would come up with a hybrid option if the repairs are too much which would be to turn it into a garden.

hello allso as the topic say i want to buy a course that teach me how to virtually buy real estate and rent it outi searched and found "The Virtual Investor's Guide to Out of State Rental Property" from investwithace that in 600$but i wanted to ask if there is other options or any other guy that have a course online so i can learn more on investing and buying rental properties, as i dont live in usa and i want to work from abroad and i dont want to visit any of the properties my selfi want to learn the best way to do itso i really appreciate if you guys can guide me herethank you so much

Hi all. Wanted to ask for some advice. TLDR is I got laid off and my financing fell through because of it. I am trying to creatively put together a deal and still make it happen. I was thinking subject to or some sort...

I also understand there are DSCR options but not certain I want to go that route.

I would have to ask about the dialer and see if that is an option.

If it is, DSCR will not be a option without a very large downpayment.