What is a good amount for capital for a small time investor?

[Wilson Auyeung]

I am looking for SFH/MFH and want to start slow, how much should I budget? I am looking to gain experience and start my journey but don't want to get burned. Looking in the area, the properties on MLS need some rehab and not sure how much to budget typically for light to moderate work. Is it difficult to cashflow without rehabbing and just rent out an outdated unit so long as the amenities and appliances function?