Establish Track Record (Small Deals & Personal Equity): Most GP's start by acquiring/developing smaller properties where they alone can fund the equity side of the capital stack (IE - no raise). 

I am definitely green and hoping to find the right team and community to help me get started.  

You could also look to raise capital from family or friends as a good start.

I want to understand my possible options to get started with real estate. 1) Should I buy my first house first?

We want to start looking for another duplex but need advice on what to do.

I just wanted to know if it’s necessary to start a LLC before my first deal and have a good business structure ?

Moreover, I'd be happy to chat if you want to learn more.

Where should I start?

HI there,I'm fairly new to BP and just getting started with my investing.

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.