Should I wait till I have more cash or is now good time to get started?

I would prefer a home with minimal work needed in a solid market. 

I’m currently waiting for the daughter to reach out.

Its probably not realistic for many to sit on the side lines waiting for 3% or 4% rates to return.Those rates we will never see in our lifetime again Id think 

The rent is the rent no matter how many beds are filled so the house is incentivized to keep the house full with people serious about sobriety and paying bills on time to minimize each persons monthly rent. 

Starting small with a single-family rental or house hack can give you practical experience while minimizing risk.

Out of necessity, (minimal cash), I began my investing with lease options. 

There are still successful "average" stays i.e. renovated 3/2 with minimal amenities but they have to compete on price. 

With bank feeds into QuickBooks (using as an example) you can have all your banks connected so everything is flowing from each bank account so in your case above technology helps with that many bank accounts.The only reason I do mention an option for solos 1 or minimal bank account for multiple properties when starting out is just less bank reconciliations you need to perform.

We went conventional for this property, so there is a 6 month seasoning period until we can refinance, but I'm not waiting until then to find our next property lol.