My wife and I are about to purchase our first property and have roughly $30-40k.My current plan or strategy:1.

We currently own 1, 4 Plex and am  working on strategizing the purchase of the next one.

Purchase price: $790,000 TurnKey with added value, expansive 10-bedroom, 11-bathroom home on 4.6 acres, just 20 minutes from Blue Oval Ford in Stanton, TN.

Purchase price: $2,225,000 Cash invested: $350,000 Purchased a 40k sqft ft mixed use building on Main st in Middletown, CT.

Let me describe my situation: I moved to the U.S. from another country and feel ready to purchase my first investment property.

The seller has agreed to a purchase price of 250K with 30K down.

Obviously, you are planning on doing your own property management once you purchase your first rental. 

He has experience setting up syndications, but past that if you're planning to make moves in California getting started with him or anyone at Cox Castle plugs you into one of the hardest hitting real estate law firms in California with highly experienced lawyers in construction issues, contracts, financing, work outs, land use, multifamily/commercial purchase and sale etc. 

Then, I quickly list and purchase 4 one day stays.

it doesn't cost a lot to put utilities and parking pads in or even entitle it or to purchase land. it's just a lot of work that no one wants to do. parks are hard to get approved but they are not expensive to develop. it's nothing but utilities and parking pads and an office. harder to finance too, but compared to apartment development or mixed use development it is one of the cheapest and highest performing assets because of reduced construction costs.