Welcome to the show Kolin, glad to hear you're beginning your investment journey.

My goal is to buy my family home (wife and 2 kids) in about a year, but don't want to wait a year to get started on Real Estate investing if I don't have to. 

Having young kids we’ve decided it’s best to not move around.Instead, my goal is to find an investment property in my local market (Rochester, NY), ideally a single family or duplex. 

Memphis holds a lot of hidden investment opportunities.

Is it still a good time to invest in the last quarter of 2024?

The difficulty here is that conventional lenders will not allow you to purchase a primary residence as a LLC, so that strategy usually only works when you purchase investment properties

Making only $4000 a month for a capital outlay of $900,000+ is poor investment and so you would have to take a large discount in order for most note investors to get involved especially if these are second liens.  

What is likely to happen is that people who have financed properties could walk on their investments, or do a deed in lieu of foreclosure if they have very little equity.  

Investment Info:Single-family residence buy & hold investment.

I want to begin investing with a house hack, but more generally use this position (with it specifically being in the RE industry) as a jumping-off point for a career in investing, eventually full-time.