Make sure the savings outweigh the admin costs (tax prep, cost segs, bookkeeping, entity setup, etc.).

I do plan on growing the RE portfolio and want to make sure the next moves are savvy.We have decent 401ks, and limited liquid funds in savings...Thank you for your timeNo, you don't!

Save it.

.: Hello everyone,I have some cash saved and I’m looking to purchase a short-term rental property in Anaheim near Disneyland.

Ultimately, there will be no cheaper or easier route to do what you're trying to do for purchase of a fixer upper primary residence than a homestyle or 203k. 

@Trevor Brouelette yes househacking is worse cash flow but you put significantly less money down (3-5% vs 25%) and you save a ton of money while living there, plus you gain experience and credibility.

Like Deni said, the Ultimate Beginner Guide is a good starting point.

I have a decent amount of money saved up, however; it is still not enough to cover the amount needed for this market. 

It’ll save you a ton of time by filtering out applicants who don’t meet your criteria.And here’s a big tip I learned the hard way: always give prospective tenants a quick call before scheduling a showing.

@Placeholder Placeholderif you don't have capital, i would wait and save up capital.