When investing from a long distance, you will need to build a core 4 team.

Purchase price: $160,000 Cash invested: $480,000 Mixed use building. 1 storefront plus 2 2-BRM apartments.

A dwelling fire policy that covers the building and a Renters policy for your contents and Liability.   

What is the list build?

Feel free to reach out if you have more questions.Thank you for your advice.My thinking aligns with yours in that, at this stage, I lack the credibility and necessary funds.So, in the meantime, wholesaling seems like the right move for generating cash flow, familiarizing myself with the lingo, and expanding my network to build a list of buyers and potential partners.I've registered for a multifamily event next week and applied for membership in the young professional real estate group in my area.I do have one question, though, considering I'm at the beginning of my journey: What skills do you think I should develop to be useful? 

Then speak with the planner to see what types of businesses / buildings they think are a good fit for the property based on the master plan for the area. 

This is the main market for these businesses that rent you a "legit business address", to cater to startups looking to build credit. 

@Noah Mencia just because people paid too much for existing or new construction homes doors not mean that all new construction is overpriced.I have investors building at $125/sq ft and then triple net leasing their property to a management company.

Building on what he said, if you are having trouble tapping in, and want to explore other options to maximize return, please feel free to reach out.

I recently had a flood in one of my rental properties caused by a broken pipe outside the building.