I would focus more on acquiring a good, solid property for your first one without trying to figure out your system for buying your fifth property just yet!

If I can accurately acquire a property and have it just cashflow, that will be a Win for me.

I have had people tell me to use the state specific purchase and sale agreement, however when I tried to acquire some of these, I was told  I had to be a licensed real estate agent.

I'm also in the debt pay down phase, but looking to acquire another property in 2021, so this could be good practice. 

On top of that your rents are going up and you're using a 3.5% down payment to acquire another 3 units.

Scenario: I plan to acquire 2-3 self-storage facilities in the next 1-3 years.

We recently acquired a dozen or so multi-family properties.

I am looking to acquire my first deal locally, and then maybe once I get some landlord/Property Management company experience under my belt, I would like to branch out and start looking into long-distance real estate investing through turnkey providers, or whatever the best way to do that would be.At this point, I am still saving for a downpayment on my first rental property, and looking to team up with lenders, an investor-friendly real estate agent, property managers, contractors, and all the cogs in the gear that make the wheels spin so seamlessly (I'm sure I left a few things out.)

If you receive it as inheritance, you are considered to have acquired it for its market value of $100k, and you will only have capital gain tax on $40k.If you lived there all the time, then you don't care, because it will be tax-free either way.

I actually acquired my first property through (what I know now to be called) a lease agreement and subletting to tenants.