Just remember to research specific areas, consider market conditions, and factor in costs like property taxes and insurance.

Have you researched those areas at all?

I am currently doing all of the work in analyzing deals and researching properties, I'm just curious if the new environment makes more or less sense to get licensed.Any insights are helpful!

Big difference in time commitment, risk, and potential profits 

I am still in the researching phase. 

Also I have the potential to buy the neighbors lot of another acre guessing I could get it for $300-400k.

And the truth is every time I researched and found out the same job with an inexpensive deal.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

These include higher occupancy rates compared to short-term rentals, reduced operational hassles, and the potential for a stable income that can sometimes rival or exceed that of long-term leases.

But what about contacting potential buyers (this is especially for wholesaling)?