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

The first thing here would be the regulations and laws governing acquiring properties, managing properties and selling properties.

Ideally, we'd like to acquire one or two duplexes that meet the 1% rule and provide us with $1,000–$2,000 USD per month after property management fees and other expenses.

You noted the possibility of acquiring a single-family turnkey rental.

I sank every dollar my rentals provided back in to paying off debt and acquiring more properties.

I am using a conventional FHA loan to acquire the property.

My buddy learned a lot from this club and was able to acquire (3) SFRs doing it part-time while working full-time at a car dealership.

@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it. 

“If you are seeing a billboard of ‘Sell your home’ or ‘We buy houses’ or whatever else, those kinds of things might be us.”Lapsed licensesDepartment of Licenses and Inspections records show about half of the Philadelphia properties owned by RAD or other Mendenhall-led funds were granted rental licenses since those businesses acquired them.Landlords are required to renew a property’s rental license once a year.

The vehicle is over 6000 pounds GVWR and will be used nearly entirely for business (going to current rental and searching for new properties to acquire)."