You have to be clear on those answers before formulating a marketing plan.

Formulate your plan on weather to invest in SFR and/or multiple units, some REITS to produce interim cash flow to fund upcoming opportunities. 

I haven't formulated a concrete opinion yet.

Details are too complicated for a short post.Specifically to your questions, the way they are formulated, the answers are No and No. 

Read, read, and read....and then read some more....and then formulate very specific questions that show careful forethought and present enough detailed info regarding your specific situation, to warrant careful and considerate replies.Often times, my questions are already answered in post that are years old.Welcome to the amazing world of BP forums!

If you don’t know ask the subs to help you with this so you can formulate the budget but never hire sounds or labor the hour only by the job.

If you don’t know ask the subs to help you with this so you can formulate the budget but never hire sounds or labor the hour only by the job.

Thanks, I am currently just trying to educate myself on the process of investing in a rental property and trying to formulate something of a plan.

They can help you formulate your plan and find the best lenders that have what you want. 

But even in other passive routes, there are traps/pitfalls to look out for.Regardless, you should start by formulating your own investment criteria (e.g. level of return you are looking, your risk appetite, holding period, your source of funds/cost of capital, are you looking for cashflow or appreciation, or both, do you want to be active v. passive - you sound like a passive to me).