@Kelley PhanWelcome to Bigger Pockets.

I know it’s hard for noobs to get in the game...I’m there myself.

I knew nothing about the basics of real estate and after confiding in my dad that this is what I wanted to do he pointed me to Bigger Pockets, which I then learned by all the educational tools that not only can I do what I know I would love and enjoy doing but that it will give me a life I'd want for myself and my family that no other job could do for me. 

@Steve KolozsiWelcome to Bigger Pockets.

Real estate is also a game of survival and its more important you are in the game year in and year out than to get wiped out rather quickly.

GAME CHANGER!

Hi Bigger Pockets peeps!

To educate myself about what I should be looking for I've been listening to the bigger pockets podcasts, specifically ones explaining how to get started in real estate, how to find and finance deals.I hear two things constantly that i'm not entirely sure how to approach,ONE - Get good at analyzing deals - I don't know how to do this and i'm not really sure how to learn it.TWO - Establish criteria for what you are looking for - I don't know what criteria I should use to narrow my search. how do you decide what to look for?

At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.

The rental SFR game requires reserves.Also openIng a HELOC does Impact your DTI.