The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

Over the next 5–10 years, I plan to scale to a portfolio of rental properties and eventually diversify into syndications.I’m particularly interested in the Lynchburg, VA market and other areas with strong rental demand.What I Bring to the Table:I’ve been saving aggressively, and I’m exploring physician loans to help get started with minimal upfront costs.I’ve done a lot of reading (shoutout to BiggerPockets books!)

Quote from @Colton Bridges: I recently bought a duplex that I plan to convert to a fourplex.

I plan to wrap it as an exit strategy,  but assuming worst case scenario, If I were unable to make payments and foreclose, the seller takes the property but would my credit or record be okay?

A 10 to 15 year plan - slow and steady. 

Our plan is to use the "Sneaky tactic" and for the next few years, the plan is to buy a house that needs a little TLC, fix it up as we live in it and move on to buy another house until were tired of doing it or reach a decent income.

Getting a bit overwhelmed with all the required County Level and City Level business licenses, STR permits and Tax accounts (Business Tax, Franchise & Excise Tax, Sales & Use Tax) to register with the state.

.: Found mine while attending a real estate/small business tax conference.  

There are a handful of active agents here on BP in the Portland area (including my business partner and I) who would be good places to start.

Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.