@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The pref layer is a third party institutional player.  

When you can communicate both your strategy and criteria (and are financially credible), you can leverage your network and get meetings with brokers who are willing to shop for you.

Your $30k should be your emergency fund and not used for new investments at this time.Consider talking to a CPA or financial advisor.

That's why I am a big fan of financially having a base and knowing what you are buying.

If you can get financial support to get a duplex/triplex, I would recommend this.

@Serge Hounkponou Recommend you first figure out the property Class you want to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

A community of growth oriented, abundance mindset, go-giver individuals with a BARE MINIMUM commitment to become financially free through real estate investing.We focus on providing education and building networks to help every member solve their cash-flow freedom equation, so they can have the time-freedom needed to follow their passions, make a lasting impact and even change the world!

It was bought in 2004 and due to financial issues, I believe ~$197k is still owed on the mortgage.