More importantly, your first deal is your most crucial deal of your career.  

It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.

My recipe, too, along with best practices you get a triple coat of armor (no guarantee of course) but if you (1) are careful/reasonable/meet standard of care in all aspects that helps (alot); (2) have your landlord's policy (mine is in that same 300K occurrence range with all the bells and whistles); and get an (3) umbrella, and RLI allows me a number of residential rentals (which expressly includes up to fourplexes) Very affordable 1-3 million range in my opnion..

It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.

Due to the appreciation aspect of real estate, while rentals may incur losses for many years, the investor may profit significantly once he/she sells the real estate.

If you take care of number one, the other aspects fall in line.

There are credit aspects, financial aspects, social aspects and the ability to guide buyers through personal finance matters, employment issues and address life experiences to improve the circumstances.

When you can be a partner in all aspects, THEN you are ready to look for someone to team up with.