If you haven't yet, be sure to check out:"The Ultimate Beginner's Guide to Real Estate Investing" and How to Buy a Small MultiFamily Property: A Step by Step Case StudyWelcome!

It's a pain in the neck, and being a government loan there are a lot of rules and red tape - but if it can give you a huge step up and some equity/cash flow - i'd do it.

REIA meetings, Courthouse steps, BP, public records, etc.Again, any contractual needs should be fulfilled by an attorney but there are a couple on the BP FilePlace (under resources tab)?????

If you're getting a loan, have you proven that you won't have any issues getting the loan on a property that is distressed (most conventional loans will require the property to be move-in ready)?

That being said, I have proven far better at managing storage than at managing apartments so I don't see myself going back to residential.....

You may not find success at first, but each time you try you'll get one step closer. you might only get 10% there the first deal, 40% the second try, 90% the third, but eventually you'll get a deal.

I feel like the first one will be my stepping stone to learn the process and in's & out's of the business.

I know I can be very successful at it and I have a proven record of just doing just that.

And also - you may enjoy this post as well: How to Buy a Small MultiFamily Property: A Step by Step Case StudySeeya around!

Ha I feel I'm in Real Estate Investing 103 instead of 101.One thing to keep in mind is that you don't want to dry up a mentor's time by asking every question you have when starting out.There is PleNTy of information out there to get comfortable with REI so I suggest you learn what you can before seeking out a mentor.Here are the best sources I've found:1) BiggerPockets (Congrats your past step #1!)