The funny thing is my family members both here and outside of U.S. are in development/construction, and I didn't realize the connections and resources existed until I recently got into the business, which makes it even more exciting.My main focus is acquiring multifamily properties (50+ units) out-of-state.

While I thought the hardest part of flipping would be securing the necessary capital, the last three months have proved that actually acquiring a property in need of rehab is not an easy task.

I've been on the conservative side of acquiring properties.

Ok, so I just got off the phone with the owner and he said he acquired the property via tax deed and he has first position on it.

Building stuff this late in the cycle is risky IMO unless your land basis is super cheap because you acquired it much earlier.

@Brant Richardson My plans for my first deal are to find a single family or multifamily unit that I can acquire with little down and mostly seller financing here in the Tempe area.

You also will probably figure out as you acquire more properties if you will be able to handle 1 more.

Once the first property is done I would then look to move into the next property which I acquire, repeat process of potential frustration.Scenario 2:Alternatively, I have thought about looking at purchasing a duplex to get started and renting out one half while living in the other.

Another resource I've read says to never acquire property for more than 8 times gross annual rents.

Hi All ,I am going to be spending 150k on properties 30 k or under , my goal is to purchase 7 properties that are all cash flowing.Once this is achieved I plan to take a loan against the value of these properties and do it all again.Hopefully I'll be able to acquire around 10 properties bringing in around $400 each a month after expenses.Please let me know if you think this is achievable?