I can come up with about $70k for a down payment.Currently renting a house from my parents and they want me to buy it ASAP.

My parents own one rental as well and they're looking to get about 3 more this year.

Looking for any advice you guys may have on figuring out what market to start in and how to proceed as i may have my parents as partners also.

The goal is to work with my parents for my first few rental properties (they will supply more of the down payments and I will be in charge of finding and managing the properties).

I've learned just about everything I know about real estate on BiggerPockets.My situation:  I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gains on the sale of a fully-depreciated rental property. 

@Derek Meyer 1) Visit local bank and inquire about secured / unsecured lines of credit. 2) Ask parents/grandparents to get HELOC on home with equity. 3) JV with someone who has high income/liquidity but no deal/time. 4) Invest out of family or friends SDIRA (self directed IRA).5) Use tax return and or stimulus payments to fund first deal. 6) Wholesale a property with no money down- Get property under contract and assign contract to buyer for assignment fee.

Im 21 and my funds are low and Im far from 2yr work history, On the bright side I have the possible partnership of my parents that could fill those voids.

My parents have been doing something similar here in Katy.

Thach Nguyen, a big real estate guru, said he lived with his parents first and invested in rental properties/house flipping.

That is not uncommon, my parent's unfortunately had to have a short sale a few years back and they didn't pay for over a decade.