Where I worked (in California) it was a $30k fine to do it yourself....Make sure you guys check with your local regulations.

Yes get to your local RE meeting.

With both of us working FT, managing 10 rentals, and parenting our kids we could no longer grow unless one of us left our jobs or we hired a PM.Managing one or two annual rentals is not difficult for most people, especially if you are local to the property.

Expand your knowledge and connections in the real estate industry by attending networking events and building professional relationships.Make sure your short-term plans match up with your long-term objectives and consider looking at different markets with positive economic indicators, job growth, population growth, affordability, and rental demand.

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

Are you planning to invest locally in New York or are you open to investing out-of-state?

You may also find others in the local real estate group looking to learn more about note investing.  

I've heard a lot about working with local banks.Does my strategy make sense?

I have completed 3 brrrrs and have many years of construction knowledge. my main reservation is not having the end buyer when I'm finished with the project. if all of these numbers where true would you be comfortable flipping a house in a town with that small of a population. also, what research can I do to ensure there will be a buyer for my product.

It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.