If you still don’t feel confident, assume the worst when running your numbers.

My main reason is to build up some capital this way and to also, hopefully build up some confidence in dealing with sellers and buyers.

Depending on how much other new construction is available where you are and their pricing, if you chose to sell you may need to be priced below them, so you will want to be sure you can confidently get what you are looking for.

Confidence is also key.

So I pick people who pay on time.I think this might give you the confidence to pick a good candidate - my first renter on my first house is still in that house.

The market is definitely booming here and I'm confident one of my agents can help you get set up with the BRRRR method here.

However, I could purchase 2 more properties and be at $1200-$1500/m net cashflow after all work and rented outI’m confident I can increase the rent ok the first and make back that $150/m so it’s neutral in 1-2 years too.Is this not a no brainer?

I’m more of a buy and hold investor so I don’t know much about flipping, but the advice from the first comment is spot on in regards to approaching any investor.I would suggest attending some local RE meetups, there’s a COIN meet up here this evening at 6pm, so send me a PM if you want the details.Go to as many meetups as you can, network, stay active on the BP forum, listen to podcasts, read a ton, and make sure you’re confident enough in your knowledge to move forward.

I am fairly confident I can make the cashflow great if I make this home a rental and move into a multifamily.

Once you have it in your head you are an investor, your confidence begins to grow, you get out of your comfort zone, and your personal growth explodes as well.