You will build experience, you will have a property that builds wealth, and you will be ahead of the curve when the market turns favorable again.

First thing you want to do is start building your network of people who can assist you in getting deals done and then find a good mentor.

To me, you'll have to try 2-3 months and run through an underwriting exercise of a building/properties about 10 times on each one to understand the true pros/cons of each model.

An estoppel certificate can also help verify the terms directly with the tenants.Market Research: Look into neighborhoods where multifamily properties are more common.

Current rent for a 3/2 is 2200$ .Is it wise to convert the officeroom into a bedroom by adding a closet and then market it as a 4 bed 2 bath for 2450$.What will you do if you were in my shoes.As long as the office has enough space to make sense and the criteria to qualify as a bedroom I'd do it, especially if it is in an area / neighborhood without many 4 BRs. 

Specifically, I am focused on wholesaling as a way to build enough capital to start investing in SFR/multifamily with a buy and hold strategy.

It's an audience building tool that can also send customized DMs in any FB group to a curated list of people. 

Logical Property Management is managing both duplexes. or LPMOpen to chatting about ongoing renovations, updates, certificates, tenants, PMs and the neighborhood itself. 

The owner (or you) will also need to have commercial STR insurance on the building. 

I live in Phx,az and recently friend of mine sold his bank (ex bank of america) literally as is and profiteed $300k  , he purchased it right out cash last year (I think) and it was in real bad shape in a shady part of town,  before him taking possession of the bank  homeless people where living inside it an using the bathroom anywhere in the building, he put maybe less than $5k in just cleaning it up and just a couple of days sold it.Basically the idea is to find super cheap homes in ****** conditions but the price is so cheap that you could still make profit by selling as is, investing as little as possible..