A friend recommended me to this site and he builds wealth by acquiring properties and renting them out.

I will love to learn the system to acquired the land.

Plus I would be building equity, plus market appreciation, plus potential rent increases, and or refinancing if rates go down.In this basic example it pencils to acquire another asset for an appreciation play, even at a $1,000 loss a month.

Putting 5% down and buying a property a year will allow you to acquire properties quickly while still scaling wisely.Take all of this with a grain of salt, it's solely what I would do in your position.

Was it in a state of disrepair when you acquired it? 

I am a licensed contractor in Los Angeles, CA, just North of you, but my goal is to acquire a portfolio as extensive as yours.

Acquire your first house hack deal and build from there.

What we prefer is helping our clients acquire properties that need work, and then we get them RentReady and rent them out.

In past years I always had in mind acquiring doors and having semi-steady monthly.While I have a highly flexible schedule, I don't have the freedom to be on call at any time.

If so, I recommend reaching out to @Josh Green to help you source and acquire your properties.