Be patient and last tip is to keep your active income as long as you can and try to continue to increase that active income every year as that will help you grow your rental portfolio much faster and live below your means. 

Any other tips on this situation would be appreciated as well. 

I know here in PDX Multi is starting to tip over in some areas..  

Put your top 3, bottom 3, and any questions or tips for others below

I've heard about how helpful the forums are and wanted to try posting my situation on here for some tips and guidance.I'm just starting my investing journey and my friend informed me of a house in my area that is about to go to Foreclosure. 

@Nicholas L. thanks for the tip, that's a good idea.

I’m listening to the podcast and doing research analysis of houses and other stuff has, if anyone has tips or anything that I should do or like what I should plan, I’m open to learn 

This should help you because you will get told that they all will help you, but next week, they will be working on a new group of agents.Pro tip: Cloud brokerages and some big box brokerages (eXp, Real, KW) operate a downline model, so many people who "recruit" you to join their excellent brokerages are just adding you to their downline.

I have never purchased through one so I am looking for any ideas, suggestions, tips, etc.

Any other tips, recommendations, etc are most welcome.