Interest rates would need to climb a lot to deter most folks.

He did a virtual walkthrough of numerous properties, and we wound up closing on this one sight unseen after 4 offers turned down on other properties.

Thanks" style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 400px;">I am very new to real estate, as I only have a few months of education into this, but have been reading a lot and speaking with others who have rental properties.

(Since I am occupying the residence).I have a lot to learn for the tax management side of the property, but luckily I know the value of good documentation and have been keeping a great paper trail of all costs so far.Appreciate any guidance.

That app has saved me numerous times on my out-of-state rental fixing odds and ends that were very time sensitive.

There is a lot to consider, and a lawyer can also help you with transfer tax issues and how to best structure your entity to achieve maximum return.

Buuuuuuuuuuuuut there is a lot to be said about investing in your own backyard ;D Keep your head up @Travis Kaess!

I've heard on numerous occasions that there are downsides to obtaining your RE license and being an Investor.

I have a mentor in a former landlord who owns 10 properties and manages them himself now that he's retired.I think to start it would be best to invest using a house hacking method, and then once I am established and comfortable enough, to do a home flip or invest in a property using the BRRRR method.My short-term goal is to purchase a 2-4 unit property where I "house hack" and live for free or almost free, while saving roughly $1k a month towards a down payment on a 2nd multi-unit property within 24 months.My long-term goal is to own and invest in numerous properties (purchasing one new property every 12-18 months). 

Also, if you haven't hired a lawyer yet, or you work with numerous lawyers, when you come to them once the offer is accepted and they see that you or your broker already provided a form contract... you'll see there reaction :) it will also cost you more in legal fees for a lawyer to review and fix it than it would to start fresh using their form contract they are comfortable with.