Advice on my thought process for starting my real estate process.

[Scott Kwiatkowski]

I am in the military, and my wife and I will be moving at the end of this year somewhere to the East coast. We will have about 75k saved by that time and in a couple years should be close to around 150k. We are from Lincoln, Nebraska which is where we will go back once I retire, so I would like to start real estate investing in our home town. I don't plan to retire for another 6 or 14 years, somewhere in that range. Once we have the money saved up, we would buy a house which would be in about 3 years from now.

My thought process is using around 120-130k to buy a SFH at that price so we don't have any debt in order to start collecting rent once we are able to rent the place out. From the rent money and our continued efforts in saving, we would keep doing the same thing in purchasing another SFH. We would just keep doing this until we felt like stopping I guess.

Does anyone have suggestions, comments, concerns, or ideas I am not aware of to maximize the process the best? I know there are a million ways to skin a cat (sorry if you're a cat lover) but I am new to real estate and would love experienced advice.

Thank you for your time and sorry for the lengthy post.

Faithfully,

Scott