It's key that rent money tops the costs of loans, upkeeps, and others, and aiming for homes sold at low costs.

This type of situation is perfect for single parents, persons looking to supplement an existing income, or retired persons who want to stay active and involved.

Make sure to set clear aims for your first buy, lay out a step-by-step plan, and use tools like books, podcasts, online classes, and Bigger Pockets Calculators.Good luck!

My aim is to build a climate controlled facility at one of these identified locations - about 250-300 units. 

@Sam Leon I would aim to finish it up with some handymen or a contractor.

Are you looking to supplement your income, replace your income, leave a legacy for your kids, keep scaling and figure it out as you go?

Currently, I have one LTR and aim to scale my portfolio while maintaining my day job.  

Hey Shaylynn, it really comes down to what you're aiming for.

After much more supplemental research and reading through Montana chapters for their tax lien and auction process, it would be a tight window to tackle this year, though not impossible - at least if it's something I would build on next year.I expect close to 160k in forced appreciation from the rehab on my current home.

To do well in pricey places like Santa Barbara, use what locals know, look into ways to invest, team up with backers, check out how to pay for things, aim for cheap homes, do deep checks on the market, and get to know folks in the area.