Starting Out in REI - Which Path to take?

[Daniel B.]

Hi Everyone - I am new to real estate investing and wondering what path is best to take. I currently make ~$250k/year in salary, and my ultimate goal is to replace this with passive income. I live in San Francisco where I own my home. Appreciation on my home has left me with about  $300k in untapped equity I could access.

Are turn key midwesten single family homes my best option? It appears I would need to look out of state for cash flowing rentals, and with my job/family commitments I can devout 1-2 hours per day to REI.

Any advice would be greatly appreciated!