Is 20K enough? Interested in Remote Rental Properties

[Gawaine O'Gilvie]

Hey All!

I'm excited to get into rental properties but not sure where to start. I'm currently reading a book by Brandon Turner (and browsing Bigger Pockets). For the markets that I'm interested I live nowhere near any of them. Also looking for areas with properties that are geared towards cashflow.

I'm hoping to have enough money saved up to get started by the end of the year or early 2022.

Real estate markets I'm interested:

• Detroit, MI (and surrounding cities)

• Raleigh, NC (and surrounding cities)
• Ohio
• Arkansas
• Illinois

I'm also open to other cities. I currently have 20K saved up exclusively for investing/real estate. I might be able to save up to $50K this year. Would that be enough to get me started ?