Stick to your idea.My daughters blew through good sized dorm mini-fridges in less than 2 years during college & the one my son had fell of a balcony during a NFL game ???.

There would be no room for you to renovate and refinance.I try and stick to the 1% rule when im looking at properties.

Because it's right in my backyard and I've lived my whole life here I'm personally going to be sticking here for a while.

And skip the wholesalers...A secondary thought is to stick with a great agent and do some deals your comfortable with...helps to have a pro in your corner. 

So, for a newbie like me, do you suggest sticking to buy and hold?

While appraisers are supposed to take income into consideration, with any property with less than 5 units they will stick mainly to the comparable approach meaning they go strictly off of what other places with similar unit counts have sold for in the area.

Stick to mid-markets possibly in the Midwest where the prices are low bt rent is high! 

Stick to the basics and remember to learn how to realize cash flowing assets in good locations with growth potential and strong economics and you will be alright.Also search the forums for a thing called "house-hacking" and also search for the "BRRRR" Strategy.PM me if you want to talk RE further!

in this last buying cycle. a  45 unit solid B to A class in a major metro area  for cash just under 2 mila small rural mid west park of 16 lots sold for 140k on terms.a 18  unit and 2 stick build rentals in a 200k population city with full services but older single wides sold 525k on terms. 

Start a monthly budget for yourself and stick to it pay your savings aaccount first.