Hello Justin,  I want to start with multi-family buildings with 5-9 units max.

I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Stick to Your TypeWarren Buffett once said, “The difference between successful people and really successful people is that really successful people say no to almost everything.”Apply this principle here:Decide on your property type.Say no to anything outside of that type.You can always pivot down the road, but starting with focus is crucial to building momentum.

Would love to connect and share insights on building a hands-off, cash-flowing portfolio!

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Build your network by joining local real estate investor meetups or online communities like BiggerPockets.

Hey David, you should consider investing long distance only if you're willing to put in the legwork of market research and networking to build a strong team of property managers, contractors, and deal finders.

Here is a link to all 3 forms you will need: https://www.biggerpockets.com/files/user/ventekrealty/wholesaler-documentsIDEALLY, BUILD A CASH BUYER’S LISTIt’s always best to build a cash buyer’s list BEFORE you start putting properties under contract.

(Insert some sincere rapport-building compliments or questions here - about their yard or dog or whatever.)