Donald, do you have any cash reserves or would you need to obtain a loan to purchase your first couple of homes? I see many investors start buying VERY inexpensive homes, so that they can make some quick rental income. Then as they renovate them over time, they consider selling the houses once equity has been built. The proceeds from the sale can subsidize the next purchase to a better property and they "climb the ladder" that way. I have other clients who only purchase "cheap" houses and just live off of the rental income. You have to be ready to handle the overhead of rentals: taxes, insurance, maintenance, the midnight phone calls, etc. It isn't as glamorous as it sounds, but CAN make you a decent living, if you have a plan and try to stick to it. Good luck!