There's no real wrong answer to your question, but the right answer starts with you figuring out what general direction you want to aim in. 

There is a lot of research to be done to make sure it is feasible before you start the project. 

Action Steps to Start Building Passive IncomeResearch Your Market: Determine whether your area is better suited for short-term or long-term rentals.

I’m thinking a small town could be a great place for me to start compared to big cities.

If I would have bought a sustained portfolio with multiple units rather than starting with a single purchase I truly believe I would have lost a lot of money while my systems flailed rapidly attempting to catch up. 

This allowed Jerry Scott and Chad Wolfe to focus on the execution of the project without needing to invest their own capital upfront, ensuring a streamlined process from start to finish.

@Robert Kline, I would start by talking with your local building department. 

Quick heads-up: Starting January 4, 2025, Pennsylvanias Act 52 requires anyone involved in wholesaling real estate to be a licensed agent.

@Juliann Morala if you're going to rent it out, start with a PMC! 

It's a great time to get started.