Buying in Baltimore and Future Rental Options

[Peter Bailey]

Hi All,

New here and just looking for some guidance.  I am looking to buy my first home.  I am thinking Baltimore, MD as I like the area and currently rent around DC.  I'm thinking the usual "nice" neighborhoods, Canton, Fells Point, Federal Hill etc...  I am thinking I will buy my first place, live in it for a year or so and then convert it to a rental.  Rinse and repeat.  Does anyone with experience in Baltimore think this is a viable strategy?  Ultimately my goal is cash flow and have an early goal to have 5 properties or so in the next 7-10 years.