This approach would allow me to learn with each deal and minimize initial risks.2️⃣ Go Straight to Multifamily: Instead of starting with SFHs, I could spend time learning the multifamily business and go directly for a 20+ unit building, maximizing scalability from the start.I have no experience with either strategy.If you were in my position, which strategy would you choose and why?

Just need to spend a year somewhere I may have no desire to live.Hybrid Plan:Keep researching out-of-state markets and act if a great deal appears.Move back to LA, live in Airbnbs in to get a feel for neighborhoods (open to suggestions), and house hack once I find a deal.Would love to hear from those who’ve house-hacked in LA or NYC or started with out-of-state rentals—what would you do in my shoes?

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

So are you spending $100s of dollars per property prior to the tax deed auction for title research? 

That said, figuring out if and what to outsource is important to make sure you're spending your time doing high impact work..

RE Investing is much tougher right now than it was 5 years ago.I personally spend at least an hour per day every day deepening my knowledge - reading, webinars, youtube videos, podcasts, formal industry trainings/certifications, etc.

A lot of people sleep on properties that have been sitting, but where some profitable opportunities are.That said, I’ve been spending a lot of time working directly with investors and sourcing off-market multifamily deals—ones that never make it to Zillow or Redfin.

The number one mistake that I saw buyers making was jumping right into negotiating (and not very good negotiating at that) without first spending the time to build rapport.

For the last example, you spend $3K to put all the mailers out, so you would spend $3,000 to get a return of $20,000..

I did not see marketing costs, nights that you need to spend at networking meetings paying for dinners or memberships.