Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

A lot of local banks tend to have 1-3 year intro periods of lower interest rates for HELOCs, check with some yours. 

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.

A lot of people tend to overcomplicate it.

For STRs, properties near the beach or downtown tend to perform well.Start Small and Smart: If this is your first property, focus on something manageable.

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

I would tend think the value of the duplex would be higher than your estimate, but I don't know the market.By the way, I just re-read one of your posts, you don't have to put 25% down on a rental.

There are some nuances and definite pro's and con's to each city and state but overall we've found out that these markets tend to be landlord/investor friendly with steady returns. 

Personally when buying rentals I tend to buy in neighborhoods that I feel like I wouldn't personally mind living in and when I look for tenants I try to look for people that not only pass my screening but also I personally don't dislike.  

On top of that, we have found that homes with a great view (forest or lake view), or proximity to the clubhouse tend to book better.