New Investor in the Raleigh Durham Area!

[Pri Kon]

I haven't made the plunge yet, but looking forward to buying 1 rental property each year for the next ten years. My husband and I are both engineers and have our hands full. I would like to put our money to good use and hence, the decision to look into REI.

I am wondering about financing options, any feedback is greatly appreciated? Do I always have to buy rental properties preferably townhomes or single family homes with cash? or can I finance them?

My objective is to have a net of $300-$400 per month (Rent-PITI) so that I could potentially buy more properties.

I definitely sound like a novice investor, please advise!