Hi there,I’ve been reading various posts on this site and like the honest opinions that exist here.

You can find just about anything you need to know about real estate investing on this site and the podcasts. 

The site looks very interesting but I’m wondering if it’s legit?

I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?

@Sarah Abelow I can suggest a few sites and study guides.

I read about it a bit more on the freddiemac site and it mentions that I can't have an ownership interest in any other residential property.

Go on Meetup site and search for REI clubs/events.

Thanks for the tip!

The local area crime rate is low according to Trulia.com, but I've also heard many realtors laugh out loud at some of the information available on the popular web-sites.

if they are a grower don't forget to make sure they pay for electric. also make sure the security of the building is tip top.