Feel free to reach out if you have more questions.Thank you for your advice.My thinking aligns with yours in that, at this stage, I lack the credibility and necessary funds.So, in the meantime, wholesaling seems like the right move for generating cash flow, familiarizing myself with the lingo, and expanding my network to build a list of buyers and potential partners.I've registered for a multifamily event next week and applied for membership in the young professional real estate group in my area.I do have one question, though, considering I'm at the beginning of my journey: What skills do you think I should develop to be useful? 

The acquisition will most likely be 100% cash, as well as rehab (simply because I want to make cash offers and be able to close in a couple days). 

I found a cash buyer and we closed before the auction date.

Salem generally offers better ROI and higher chance of cash flow, making it a compelling choice for your first BRRRR project.

Depends on so many factors: - What it yields- What you're trying to achieve- What headache factors you're willing or not willing to have - What tax implications come from selling (and if you have to replace your debt in a 1031 exchange)With 1.7-1.9mil that would be a 6-10 unit out here in Reno, NV that with cash could produce probably a 6-7 cap with upsides in rents. 

If you’re not using a primary residence loan then I’d go for the triple because it would likely cash flow better than a duplex

Purchase price: $61,000 Cash invested: $60,000 Sale price: $191,000 The biggest expense of this property was the nine 20 yard dumpsters, yes nine!

An investor's goal is 10 doors so they struggle to get to 10 doors, all at $100/month cash flow.

Check with your regional banks to see what their construction and stabilized loan terms are and how much cash you'll need to bring to the table 4.

Cash flow, CoC-return, limited capital, etc.