Where to start

[Leland S.]

Hi All,

I'm new to this forum and new to real estate investing. I haven't purchased anything yet... I live in CA where prices are exorbitant. I had some realtors send me some potential investment homes (multiplexes) for rent in LA in my price range (600k) but they all looked trashy. I also have family in Texas where I was considering buying for rent. I don't have a lot of cash, maybe 20k to start. 

My question is, should I go for cash flow, long term equity, renting multiplexes? I'm struggling with what should be my target.