I went from a W2 job to building a portfolio of 500+ units over the last 5 years by starting small and scaling smart.

Start with BiggerPockets Ultimate Beginners Guide (free).

Start by reading Rich Dad Poor Dad and Set for Life to shift your mindset, and remember that your first deal or breakthrough networking moment will boost your confidence.

Quote from @Chris Lin: BackgroundI started my journey with REI Nation (formerly Memphis Invest) in 2019.

We started construction in February 2025 and are planning to start leasing up in Spring of 2026." 

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

@Jimmy O'Connor I don't invest in Philly, at least not yet, but this is great information! 

@Christopher Reynolds My mantra has always been, "Live where you want to live; invest where it makes sense."

Repairing the house could increase its value, but it requires a significant investment in time and money.

Start eviction process the moment you can.