Done correctly the old property will cash flow and you can grow the portfolio.

I believe Mike built his portfolio in NC so a local to you in some ways.

Many do, but many more do not.I find it particularly interesting that the folks that come to the site trying to deal with Bulk REO portfolios (many tens of millions of dollars) don't share who they are.

It's a newer site (so also not that many listing yet) but you can search listings by ID number so you can publish it on your yard sign, I found a number of the other ones don't and it also has a portfolio manager of sorts that's geared for landlords and property managers with multiple properties and vacancy listingsPM for the address if you're interested.

In OH and other states you can build a portfolio with little cash.

I would go to small local banks and find a portfolio lender that will lend you the money.

One last thought.If you wanted to be wealthy you likely need to do a lot of deals and have a large portfolio.

Margin calls on leverage portfolios is the driver in many ways.

Maybe appreciation will happen and you build the total value of the portfolio.

The average mortgage is paid off in about seven years and this is built in to the risk analysis of any portfolio.