My true goal is to earn enough cash flow to 1) cover my necessities and general living expenses and 2) replace my W2 (I have the approximate numbers for these goals based on my own personal ambitions.)Based on your comment, it sounds like I should strive to own high quality real estate in medium-high barrier to entry (read desirable, appreciating, etc.) neighborhoods.

Columbus OH, we work with a Charlotte land developer here on larger sites like 30 acres and up not sure how big but your niche size is great. we do development, licensed general contractor, and build single family and multifamily we have a few new Floorplans every few months and I travel nationally to be an advocate for our market. it's wide open. high absorption potential and only 8 builders who build over 50 houses a year in our market. 

The side effects from operations and radiation treatments left me unable to work.

You'll want to buy a property with a high enough value to really get the benefit of the cost seg.

I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)

Agent Compensation Promotion: While agents can promote buyer agent compensation on their websites for their listings, it cannot be offered on the MLS or any collective/shared environment.These changes are set to go into effect in mid-July 2024, subject to court approval.

I calculate that a quadplex would make my effective rent $350 below what I'm paying in rent today and when its fully rented it would bring in $700.It takes longer to get the quad but it has a positive effect on my saving rate versus treading water in the duplex which requires me to move to "make" money.

I assume this is in LA...have you asked about the DP required to get a high balance conforming loan? 

There are many benefits to solo 401ks over sdira, one of the biggest being the high contribution limits so with my examples you likely won’t make very much but for 2024 you can contribute up to 100% of what you make up to $23,500 and since you don’t need the money to live on this would be a good way to add more money to a Roth solo.  

Hey everybody, I’m getting out of high school and looking to do my first deal.