Just getting started with flips it's best to focus on the "paint on a pig" scenarios.

Another start difference between FHA and Fannie Mae is the “PMI” or “MIP” premium that each will charge.

It's always a new account w/ no reviews, and it always starts with "is the place available on 'x' dates".

Why can't you start with some smaller residential or small multifamily commercial properties to get your feet wet, show proof of concept and possibly try to take on larger deals.Or possibly find a local syndication group and become an employee under them learning the trade and finding a mentor in the space.

We made several improvements to the property when we got it - a totally new gas line, a totally new water line including all the lines from the street and pex plumbing installed.

Proper and CBIZ are agencies that offer policies in many states, so you might start there.

Best time to start is today.

Just do it for one year, and you will see results fast.The issue is when you pick one strategy, then a month later, you want to change, then 3 months later you want to do something else, then 2 years later you have not done a deal yetin my journey, I was broke, so I started wholesaling, then I expanded to Fix and Flips, then to rentals, then owner financing and notes and commercial properties.

@Shane InsangYour house hacking strategy in the Bronx sounds like a thoughtful approach, and it's great that you're exploring creative options to get started in real estate.

In tenant friendly states like Maine and MA, a small error in the paperwork could result in the process starting all over again.