.), but you also have to look at how many value add plays you have.

As someone starting out, I just wanted to get a take from more experienced rental property investors.I want to present you with two routes that a guy like me is considering to take: 1) save up capital generated from some sort of active income (a job or side hustle) and then get my feet wet by investing in a lower class, lower capital intensive area/property OR 2) find a willing partner with money they are willing to invest with me and use their cash as leverage for something like the down payment or any repairs that needs to be made.From my current perspective, Option 1 will take more time, but provides me a little more security in the sense that I'm not putting anyone else's money at risk nor am I diving into the deep end of a higher end market (in my case, Southern California).

Hi Paul,Time the market, ride the wave correctly and get out before you even have the chance of falling (because most people who fall get eaten by sharks as tasty Seal Meat, and the Dolphins are too far out to save you--playing happily in the sun.)

Hello, we have $300,000 saved to play with.

If you move to another state, nothing changes and you are still obligated to meet HOA requirements and play by their bylaws. 

Hi Mark, a great play we are seeing is investors adding ADUs to 2-4+ units. 

If you had invested anywhere around Detroit in the last 20 years, you had dead money unless you were in downtown where money recently started being invested; and that play is still up in the air as to whether it will work out or not. 9) Financing - Buying apartments without using debt makes no sense.

And my hunch (based on your equity and what little I know about you) is that you will qualify for whatever internal criteria they have for this.Post back & tag me, I'm curious to see how this plays out and/or is resolved.

Income tax has never played a role in my choices.

If he uncovers any problem areas or something that he does not feel comfortable tackling I am going to go ahead and hire someone with a narrower focus.Again, thank you for the thoughtful answers, they played a role in this decision!