More long-term, I think a good investment strategy for me would be to acquire rental properties with a buy-and-hold mentality to build a substantial passive income.I have a relative who lives in Dallas who I knew had a few businesses and real estate properties, so I called and asked his advice on how to get started.

The challenge there is that accumulating enough properties to generate cash flow on par with a solid middle-class income (especially in a metropolitan area) requires deploying a substantial amount of capital to acquire the properties, and achieving attractive returns requires careful selection of the properties (to buy below market value), attractive financing, and likely some amount of rehab work along the way -- all of which require a degree of expertise to do successfully, as evidenced by BP itself.If someone is unwilling or uninterested in really digging in to understand REI, they could of course still own rental properties through a turnkey provider or a REIT, but in both cases are giving up some of the upside potential that rewards the patient and diligent.To be clear, I think REI is a great choice for building wealth and Real Estate in some form should absolutely be part of almost everyone's portfolio.

In St Louis, that same 100K would let me acquire as many as 5 properties.

I have one investment property currently that I used an FHA mortgage to acquire.

Sometimes seminars are held discussing strategies for acquiring property with little to no money down

My goal is to acquire cash-flowing real estate.

Has anyone here ever bought a tax lien/deed to a multi-unit (small apartment complex......or large) via tax sale?1. What condition was the complex?2. Where tenants in place?  If yes did you keep or evict them?3. Did y...

I do realize that I may have to live in my first property for a couple years, whether it is to pay down the mortgage to achieve 75% LTV, to acquire more savings from my full time job, or both.

So the plan is to acquire private lending to purchase the home and rehab, then turn around and do a cash out refi with a traditional bank to pay back most, if not all, of the higher interest private funding. 

For about 3 years I have diligently made payments and paid taxes with the property gaining over 100k+ in equity.I want to leverage my money to make another acquisition for building a rental portfolio, but i don't know how to approached financing (non-traditional) and acquiring the right property to start my journey.