Starting with the end in mind

[Tim Y.]

Hello all,

I've been enjoying reading the threads. I'm new to rental properties and exploring strategies to produce additional long-term retirement income. I own my home outright and could deploy up to $250,000 cash against opportunities. My goal is to generate produce net rental income in the $3,000 per month range.

Given that, I'd appreciate hearing your thoughts on how you'd proceed, based on your experience. 

• Set criteria for single family units and acquire one at a time?
• Acquire multi-family smaller units (duplexes)?
• Look for a small apartment building?
• etc.

I know it's vague. I'm committed to educating myself and have enjoyed reading Brandon's book. Just looking for nudges in the right direction.

Thanks for listening and sharing.