Getting started advice

[Michael H.]

I'm new to the game as in it's my full time job now. I've remodeled, home inspections, and a residential property adjuster. I hope to use this experience to properly invest in real estate with a long term goal of having at least 10 rentals.

I initially was diligently searching for a fix and flip that I could turn and make a good return. I have had a few agents tell me the market is pretty dry here in Kansas City, Mo. After looking through and at multiple properties I think they're correct.

So then I thought I would look for multifamily and possible single family rentals. It seems when I crunch the #'s the multifamily and the single family rentals cash flow about the same regardless of price range.

I am a cash buyer and started thinking I could buy $30-$40k single family homes for rentals and leverage my cash with my lender to obtain more rental properties and therefore cash flow more in the long run.

Does this sound right and a reasonable approach?