After some research, we’re planning to start by purchasing a small multifamily property in Columbus, OH, using a buy-and-hold strategy; although we’re open to recommendations for other markets where this approach could be successful.If anyone has any general advice or referrals for agents or property management companies in the area, we’d really appreciate it.

Property managers — if you’ve handled both residential and commercial spaces, what’s been your biggest surprise in switching between them?

Like others mentioned, if you’re able to house hack living in part of the property while renting out the rest, that’s often the fastest way to start building equity, cash flow , keeping expenses manageable, and learning how to manage a property.

My plan is to hire a property management agency to get me my tenants and then I'll take over. 

My property manager is Larry Crumley of Continental Realty.

Lower entry points, growing demand, and better cash flow potential depending on the setup.If you're exploring multifamily, it’s a bit tighter.

When properly trained.Is it a "landmine" Yes, for people who don't follow the lawIt has low entry costs *generally* but you have to know what to spend that money on and what not to spend the money on.

The trick is finding pockets with strong resale demand, decent entry prices, and quick days on market.Teaming up with someone who already knows how to find and fund deals can definitely shorten your learning curve — that’s how a lot of newer investors get their first few wins.I work with investors throughout Florida on deal structure and funding, so I’ve seen what’s working right now.

I’ve been managing and owning long-term rentals in Tampa for 20 years, and I’m working with two owners right now who tried to do exactly what you’re thinking.

The three most easily defined life cycle milestones/points of entry are: Entitlement;  Development & Stabilization & Stabilized.