I am looking to get into real estate investing as I crave financial freedom as well as the flexibility and creativity this craft has to offer!

My goal is to create passive income through rental single or multifamily properties and become financially free to be able to give my beautiful wife and my new born son the life they deserve.

I have a full time job and have no other debt.

It's time to move and start taking the steps toward my goal of financial independence. 

I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative estimate, probably higher).Purchase price: 295,000Down payment: 25%, $73,750Loan term: 30 yearsInterest rate: 5.375%P&I: $1238.94/moClosing costs: $2800Gross scheduled income: currently $2650/mo, I'm planning on $3000/mo minimum with STR, so $36,000/yearLess Vacancy/Repairs: 10% = $3600*Gross Operating Income: $32,400Less taxes ($4700 (high estimate)), Insurance ($900), and Water/Sewer ($1800):  $7400Net Operating Income: $25,000Less Debt Service: $14,867Before Tax Cash Flow: $10,133CAP rate: 8.47%COC: 13.24%*yes, I know that's low for Vacancy/Repairs/CapEx, thats because we do our own work and management.  

Lili here, I am a first-time investor looking for a couple different things:1)  A house hack in or near the downtown area.2) Connections to real estate agents, contractors, etc. to start building a network and deciding on a strategy for my REI (wholesaling, BRRRR, etc.)I am a recent college grad (June 2018) with no debt, around ~$20k in savings, very low expenses, and I travel a good amount, so Airbnb can be an option as well.Any and all advice and recommendations are more than welcome!

After several phone calls and meetings, with accountant, financial adviser, and attorney,  (my team) I have decided to go with setting up a new LLC for this property.

I really want to take a loan against my rental building so I can buy more investment properties, but my situation is I don't have tax returns ( new immigrant and this property has only generated income for 6 months), any suggestion on which financial institution can help a case like mine?

Always contact their previous landlord, if they don't have one reject their applicayion.I place a great deal of emphases on credit score since it is a measurement of financial responsibility and financial planning.

Talk about a conflict in philosophies of becoming financially free!