A strategy from 0

[Alphagiel D.]

i have been approved for 250K loan.  I leave here in Anaheim CA.  Would like to take this chance to get my own single family home and build equity and jump into investing in rental properties but it looks really tough to get one within my price range.  Im looking at condos which is probably my only option.

Should i buy a condo? If i get a condo and would like tonuse this first step to build equity and purchase multiple rental properties, what type of price range, area, of condo i should be looking for? What would be a good strategy for me as I would like to own rental properties (such as 10-20 units)?