So if you don’t want to spend 12 months completing one deal for a $2,000 gross profit and investing 1500 hours to do it, you’ll need about $50k to carry you until deals start closing.  

We are located a few hours from you and the "gray is out" is not the case here based on recent flips and quick sales. 

But the situation did get me to start thinking on how to properly analyze a small multifamily house.I've only invested in SFRs so I'm a little green when it comes to properly analyzing a duplex.

I'd say go for it, everybody has to start somewhere.

I contacted the agent few times to schedule a time for me to go into the property for less than 2 hours, but he never did even he told me he would help me with it.

Was a bad night as I had worked 12 hours that day and driven home 2 1/2 hours prior to the guest trying to pull that trick.

Hi All, I’m just starting out and, following the advice of a mentor, I’m trying to find an attorney who deals with real estate transactions and issues.

Starting with a single-family rental (SFR) property is a practical approach.

When factoring in risk, I agree with @V.G Jason The start of the fall....margin call.

So, I am back where I started and have a W2 again (in my own biz) and we have a small team managing the rentals, I only get involved with buying and with bigger construction issues.