I would like to have a portfolio of rentals netting >$200k annually and then I can rest easier. 

Try to focus on a target area and get to know it very very well to minimize the chances of buying the wrong deal. 

I have been researching for several months now and have established that our initial target will be single family homes, but we're also open to considering a duplex if the opportunity presents itself.

The less leveraged you are the easier funding is.

Hi Seth,Yes, and most of the information I've been receiving from BP has been telling me that it is better and easier to invest in the safer areas.

SO much easier. 3.

First time investor so wanted to start with a condo/townhouse so that it would be easier to maintain vs.

Just know it is easier to shift capital out of CA assets into OOS and very difficult to do so in the reverse.

I’d also Google “commerical mortgages” if you’re looking at 5+ units in your target multifamily.

It’s easier to keep track of your expenses if you have everything on a separate CC, you will also get up to 2% cash back on some credit cards