Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

Or are you going to go the safer route for minimal time expenditure like buying a multiplex and renting out 2 out of 3 units?

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

At this level of scale, it is almost the same as running an extra unit.

I own a 21 unit in Lexington County.

Since then I've bought two apartment complexes and will be building additional units on them using knowledge  and processes learned for Jerome and his colleagues.

I here in the Netherlands Rotterdam working on renovating a 3 unit building

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

A realtor can send you a walk through 360 which can be good enough to get in on some listings to make an offer.Once you make the offer fly out and do a personal walk through and then figure out do you want to self manage or hire a local manager.