This will depend on your risk tolerance and your goals but you should consider starting with a single-family home to gain experience as a landlord and build your network.

So we GAIN 7million + tax payors etc.. 

Madison is also a great city to invest if you're looking to gain equity a bit quicker than other parts of the state.

I agree with most people in this forum that mid-term rentals are on the rise and gaining popularity. 

Any information about land in reference to developing townhomes would be helpful Thanks @William Fuller Do you want to start small and gain experience in your market and then go from there?

I'm a CA resident, so gains would be taxed as ordinary income.

#7 I almost think you are trying to get a perfect property with no work or effort on your part, that is easy to manage and will be hands off passive investment.   

Flipping is about as least passive as it comes, so just make sure you wrap your head around how much time and management it will take to be successful flipping.For anyone getting started, I always suggest these 3 steps:1. 

Originally posted by @Cara Lonsdale:Having access to the MLS and your lockbox key will allow you to search for properties in real time and gain access/entry when you want to view. 

We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.