Reinvest profits, stay patient, and keep building toward replacing your income.

It's a business - acquiring/building, managing, and growing a business. 

Focus on affordable markets, build a strong network, and continually educate yourself through books, podcasts, and deal analysis to steadily expand your portfolio.Good luck!

Quote from @Kolby Knickerbocker:  Have you considered building here in Central Oregon or an STR here? 

Just go to one of the Friday afternoon 2pm 1hr showing windows of most wholesalers and see another 25-30 investors there "inspecting" the property. 

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

It might be worth it to try to source a property that's off market or via a wholesaler that needs rehab so you can build in equity.

It's a winning combination of direct access to industry experts coupled with building lasting relationships and get direct feedback on your strategies in small-group format.

I have a few brand new homes popping out of the ground in Canby Oregon.. msut of Portland proper is very old the new builds tend to be skinnies or expensive . 

I’ve worked with several first-time investors, including out-of-state buyers like yourself, and it’s 100% possible to build a successful short-term rental (STR) business even when you’re managing remotely.