Once you get a few deals under your belt you will have the money but won’t need the training near as much as you did at the beginning. 

I can subscribe to that in traditionally appreciating markets were over a 5 to 10 year run you expect to make significant up side on values.. but in low to no historic appreciating markets ( which is much of the mid west and rust belt) to tie up your personal credit and ability to borrow money on something else just to make 50 a month I dont get that one.. the risk is far to great that your 50 a month becomes negative  and and exit will cost you money. 

Ah, the classic pro forma rust belt out of state investor issue.

The same rules would apply for new members in their respective markets.Each person has to be actively investing and have to have been actively investing for at least a yearEach member has to have at least 2 deals under their belts.

Best wishes to you - hit me up when you've got the first multi-family under your belt!

Ideally looking to make $300-$500 cash flow monthly, with some decent appreciation of the property over time.Preference is sun belt states with low property taxes.

I believe I have to start somewhere and if I have to tighten my belt for a while in order to get in the market, you do what you have to do.

Get one property under your belt and loan will become much cheaper with lower down payment. 

Wouldn't it be better to just get a deal or two under one's belt before the creation of your biz entity?

@Annie ZhaoI have no properties under my belt yet, so take what I know with a grain of salt.I am looking to invest in my home town of Kansas City.