Flipping is not easy (it is also not passive) and wholesaling is also not easy.

As you gain experience, your might change your marketing strategy.

This can help you cover your mortgage while you build equity and gain more experience managing multiple tenants and building out better systems and processes if you do decide you want to pursue larger properties. 

I’m especially interested in long-term rentals and techniques to enhance cash flow and ROI, driven by a passion for financial independence and building long-term wealth through real estate.I’m eager to connect with fellow enthusiasts, gain insights from your experiences, and actively contribute to this community.

Some will be more active, and some will be passive, but at this point, I would push forward with directly connecting with investors who have nothing to sell and are not collecting referral fees.  

This allows for a wide variety of ways to achieve the goal thru all aspects of real estate; investing in assets that have great capital gains potential but may not cash flow (options, land, redevelopment, gentrification, etc. ) utilizing “fee income” to build my estate (syndication, brokerage, partials, participations), and “creating” high yielding notes, and “creating” wealth through creative real estate buying, selling and exchanging. 

This is a great learning situation on how to not be passive, knowing your lease terms and local laws, and sticking to your guns when a tenant thinks he runs the show.

Have 50k depreciation and sell for 200k, you get taxed on the gain of 150k. 50k@25% for depreciation recapture and 100k@15% for capital gains. 

Starting local in Pittsburgh is wise, and as you gain experience, consider expanding your reach.

With multifamily you can be either active or passive and both are much different paths or education.