A frank, hopefully insightful, dive into real estate and financial markets.

It is a first-time dive into the rental space, as it is a starter home my wife and I purchased and have been fortunate to be in a place that we don't particularly need to sell.

Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

These groups "find the deal" by raising money for other operator/syndicators, they market themselves (often with tag lines on LinkedIn of: I help busy (fill in industry) professionals create passive income through real estate),  They raise money from their own network and funnel it into a syndicators deal for part of the GP ownership.  

Instead I would just need to do the title search first, then once I pay the down payment file a memorandum for the amount I paid them, and then record the purchase and sale contract/land contract with the county so it's on record and clouds the title for extra protection.

I'm extremely nervous about starting in real estate but I want to provide more for my family and buy more freedom for myself and think this is the vehicle to do it with.

Let me give a brief background for the context of my question.I’ve been investing in real estate for the last 14 years but more actively for the last eight years.

Purchase price: $594,000 Cash invested: $153,000 Closed on my first investment property,A single family residence of 3000sqft ( +another 800sqft unfinished basement) on a 0.25 Acre lot.

Approximately 8 years ago I was introduced to the world of multi family real estate.