Overall real-estate growth strategies: Short and Medium-term

[Andy Femminineo]

Hey all,

I'm new to BiggerPockets but have been rapidly trying to get as much information as possible about real estate investing, from here, the BP podcast, and from other books and websites as well.  My question to those with experience in real estate investing is this:  what strategies have you found to be the most successful in getting your real estate investment portfolio off the ground?  

My initial thought when I decided to enter the real estate game was to try and acquire rental properties as quickly as possible so I can build cash flow.  Now, however, I am becoming more attracted to the notion of trying to flip properties in my early years as much as possible, so I can generate a good starting cash base and a cash-flush business, then once that is established build a portfolio of rental properties to generate long-term stable cash flow.  I'm interested to hear other investors' takes on this, either those with lots of experience or those starting out.

Thanks,

Andy