I have experience with ownership of rental units using the BRRRR/Value-add method and house-hacking.

Hi Josh,The best thing for you and your Fiancée to do in my opinion is the Brrrr method.

What first steps, resources, or mindset shifts helped you the most when you were just beginning?

Unfortunately, we don't work in CT, so someone else on here might have a better method, but at least that is a start for you.

I’m partnered with a powerhouse team that provides strategic funding solutions — including commercial and residential EMD funding, double closes, and down payment support for seller carryback structures (Morby Method).I’ve established connections with several commercial multi-property sellers and am focused on expanding my buyer network to lock in solid, win-win deals.

Even if you do FHA on the first one, conventional loans will typically require only 5% down if your living in the property, there are caveats - from my experience you have to be upgrading if your going to do that method but I really like the Nomad method for investing in real estate, especially getting started! 

Hi @Arunabh GanguliI am a real estate investor myself implementing the BRRRR method to scale my own portfolio.I am an agent based out of NYC and I am happy to connect and help you find your next investment property!

Depending on the method of payment it may be hard to stop a payment from being made. 4.

Quote from @Jaron Walling: @Chris Seveney You mean to tell us a guy from Argos, IN with an incomplete profile, and 3 forum posts doesn't know how to structure a waterfall multi-tiered method for distributing investment proceeds to investors and sponsors, ensuring returns are paid in a specific order based on performance hurdles? 

This high level guide should get you through most steps of setting up an STR here in San Antonio.