New Member Introduction

[Lamarcus M Anderson]

Hello Team, I am new to the forum, and new to real estate investing. I am currently looking into investing in multifamily, with the goal of closing withing 6 months on a good deal. I am open to mentorship along the way. 

[Melissa Justice]

@Lamarcus M Anderson,

Welcome to the community!  Love that you’ve set a clear 6-month goal - that kind of clarity puts you ahead of the game already.

Since you mentioned you’re new to real estate and aiming for multifamily, I’d gently suggest considering single-family turnkey (SFT) rentals for your first deal - here’s why:

Why SFT Might Be a Smarter First Step
1. Simpler Learning Curve
Multifamily deals require more complex underwriting, more variables (tenants, plumbing, rooflines, etc.), and usually more capital upfront. Single-family homes are more straightforward, especially if you’re new to analyzing deals or managing remotely.

2. Easier Financing & Exit Options
Lenders typically offer better terms on single-family rentals, and if you ever need to exit, you have both owner-occupants and investors as potential buyers, making them much more liquid.

3. Turnkey = Fast & Hands-Off
With turnkey SFRs, you get:

A fully renovated or new property
A tenant and property manager already in place
Minimal headaches, so you can learn the ropes while still earning income

This lets you build experience, cash flow, and confidence, without the steep learning curve (or risk) of jumping right into multifamily.

Start Here, Scale Smarter
A lot of investors I know (myself included) started with turnkey SFRs in cash-flowing markets like:

Birmingham, AL
Ocala, FL
Memphis, TN
Akron/Canton, OH
Albuquerque, NM
Tulsa, OK

These areas have great rent-to-price ratios, strong property management options, and steady tenant demand - perfect for out-of-state investing.

After 1–2 solid SFTs, you’ll have a better understanding of what you want in your long-term portfolio and you’ll be better prepared to scale into multifamily with confidence.

If you’re open to mentorship, I’d also recommend networking with turnkey providers and investor-focused agents in those markets - some offer full support to help you buy remotely and start strong.

Always happy to discuss markets more in depth or compare deals side by side :-)

Best of luck,

Melissa