I am interested in building passive income through rentals but I have done a couple flips to build my wealth faster.

The faster you get through this phase the faster you can put the place on the market again, and it's the 13th of October.

@Kevin Ferguson Figured out exactly what I wanted to do and then found a mentor faster!

I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?

I like the “cash for keys” idea as it’s faster and less costly than an eviction.  

This would give you a opportunity to save more and grow your savings faster.

In addition, a home that is updated and clean is going to sell faster than one that needs work.

Obviously, investing in the coast of North Carolina is safer and will come back faster than the panhandle of Florida will!

A REIT on the other hand can fall substantially faster than your physical property.

People on BP often talk about leveraging debt to acquire more properties, I'm leveraging all of these benefits that my employer is offering to help me meet my goals faster, I use RE as one of several types of income streams in my overall portfolio.