Venturing into the REI world

[Dexter Stewart]

Hello there BP, 

I have a question about starting out in the REI world.

How much cash is the right amount to get started? 

I've heard of people using 30k, 50k, etc. I've also heard of people using 3k just for a down-payment. My long-term goal is to buy and hold, I am hoping to create a steady monthly-income of 30k a month by the time I'm 40. I am 20 now. 

If your were to start today, what would your first move be? How much should I really save up before jumping into the landlord world? 

Thanks BP. 

Best Regards,

Dexter Stewart