Second, continue your education by reading targeted books, podcasts, reading through BiggerPocket archives on strategies your, will you?

It keeps you focused, broadens your network, your investment education and it gives you a community.

Hi everyone,My name is Shane, I'm not necessarily new to the investing world as I've been lurking and educating for years now, but I am yet to make the leap of buying a first investment property.

Just pick up the phone and go for it, then get better through education and practice. 

So as long as you make an educated decision cool.  

I am posing this hypothetical question for the purpose of education and understanding. 

Here is my suggestion on how to get started:1) Educate yourself -Lots of the questions you probably have are answered in multiple books.

Did you know that there were 19.7 million students slated to attend college in the US in 2020, according to the National Center For Education Statistics?

The contractor needs to either be properly educated on the 203k or have verifiable experience with the 203k.

You'll also get an idea of what rents would be in those markets and can then make an educated guess on whether or not it may reach your preferences, or especially if you try utilizing the 1%-2% rule because if you know the area and can estimate property taxes then you will know if you should spend more time on it.