That sounds obvious, but some people are not self starters or think when nobody is watching they can do what they want.

Today a 3/1 1950s 1200sqft starter home that rents for maybe  $1400.If just looking on the MLS...

You also need to know what you can afford both in terms of time and money.If you want to scale more quickly, then look for less expensive homes-starter homes in good areas (eg 3 bed, 2 bath), not homes in bad areas.You will generally make more money if you manage it yourself, but that means you need to buy locally, want to manage it yourself and know the local laws. 

I am currently in search of a good starter property.I am looking for an agent (or a few agents) and a small multi-unit property in the Anderson, Indiana area that I could live in for a year with an FHA loan, or a single-family unit with rental potential under $50,000.

Looking at trying the Supplemental Income plan and see how it goes for starters.

Read Brandon's books for starters.  

Set a high credit limit for starters. 2 years on present job.

That’s just for starters.

That also happens in a reverse exchange which is why it too would be inappropriate for him.I agree with  you that there may be not much profit - yet another reason why a more expensive reverse exchange is a non starter.

For starters I own two single family investment properties and I am currently renting my residence now.