General questions for starting out in rental property

[Will Stewart]

Hey everyone. My name is Will Stewart and I want to get started in buy and hold but have yet to make my first purchase. I hope to change that in the next few weeks. I do have a few questions I would like to ask and have anyone answer. First, what do you consider to be the best buy and hold property type? Second, what amount of passive income would be a good target? I have heard $200-$250 but am not sure if that is more location dependent. Lastly, what are the best finance options you have found to use little to no money out of pocket? I would like to do FHA but what are some other good options? Thanks so much for your time and help. I appreciate any input.