Ok, now that you have taken your initial step, below are some quick links to get engaged.Since your REI interest lies in multifamily units, I added the below links for your review.https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a smail multifamily property)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex) https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Absolutely protect yourself!  

This is absolutely ridiculous, he should be removed.

It is absolutely possible to study your art and do Real Estate Investing on the side!

Everything and anything is possible if you for sure, absolutely have a home run deal.

Property looks absolutely fantastic.

I also have access to helocs and I'm always getting offers for no interest for 18 month credit cards so I would absolutely consider dipping into my reserve fund if I was a few $k short on a great deal.I think it's about your personal comfort level and risk tolerance

So long as the partner is not a disqualified party to your plan, the plan can absolutely joint venture with another investor.Whether you form a LLC together or simply hold title jointly as tenants-in-common will be a discussion you will want to have with your attorney or CPA.  

If you are absolutely committed to finding a place in that area, you will probably either need to pay a premium or take your time and market/network for the right deal.

Well, I'm thinking if you can do this sort of thing in such a neighborhood that absolutely is guaranteed to stay stable, or "upwardly gentrify" then it's not such a terrible thing to someone who wants low hassle factor and doesn't mind the risk of a house staying vacant due to barrier to entry (i.e. income requirements, heft move in expense, etc.).