Regarding the most effective way to scale a real estate portfolio, it really depends on how passive you'd like to be, your chosen market/s and risk tolerance. 

@Tim Phillips I'd agree with your friends - rentals within driving distance are significantly easier to manage as well as decrease risk during the purchase process (because you can go see the property in person easily).I'd advise you to analyze as many properties as possible in your chosen market so that you have a good feeling for what a good deal in whatever market you pick is.

In my experience, why we are chosen in our market comes down to the reputation we have built for ourselves.

@Josh Aljets This is why you need to get super familiar with the market you have chosen to invest in and not just buy random things you see all over the country.

Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.

Recent decades have seen Austin’s skyline, business environment and population redefined. Now known as a popular city for young professionals and tourists, Austin has many new residents who formerly dwelled in Califor...

As a mom I have chosen to remain in the back-ground of my children's Business.  

Once have a market chosen, then will need to get team assembled, for sure..

Nicole - Executors are named in the will by the deceased; they are specifically chosen for this responsibility.If there is no will, then the court will appoint an administrator or PR (personal representative).Sharon

There are always parents of students who have failed out, transferred or chosen to study abroad offering discounted subleases every semester.