How to Accumulate Rental Properties?

[Dan Brindley]

Hello All

First post, and I just wanted to say I've been looking for a forum like this a long time, but Google was failing me. I'm glad I found and got referred here from someone's blog.

Anyway, here's my story:

I want to eventually live off renting out properties and becoming a full time landlord. It just seems very hard to do if all or most of the rent money I would receive would just go to paying the mortgage.

I have 200k to start this investment with. I researched a bit and found duplexes, or multi family homes are usually the best buy.

What's the best route I should take with my money? And how do I accumulate rentals with positive cash flow? What would you do if you were me with the amount of money I have to invest with?