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Start with the minimum investment.
1. Build medium stations between two cities with at least 4 houses in each city, connect with double track and build no station improvements.
2. Buy two trains one starting in each city with two passengers and one mail.
3. just before the first train gets to its destination, pause the game.
4. buy 1000 shares of stock.
5. unpause just long enough for the first train to get to its destination, then repause before the second train hits its destination.
6. issue bonds and have the company buy back all available shares.
7. unpause the game, you now own the entire company.
For NA I like to start around Chicago and build to at least one other if not 2 or even 3 other towns. Lots of good industry to work with around there as well. Anything that produces goods as well as the timber and autos is really good money. Food, meh. Can do it if its handy. Medium to longer length train routes makes more money but starting out some shorter ones are definitely good. I like to wind up with Oscar G. Murray as my manager for the overall 5% revenue increase. Just keep expanding the railroad with profitable runs. Don't overdo loads on the engines, make sure they can handle the load you plan to give them. Get yourself going well on this and you'll soon be buying the other railroads, especially if you've been buying into them to have voting power.
I start with large stations in New York and Pittsburgh. (before the A I's start.) I build a small station half way between the 2 Cities. I put a round house in the small station and sand/water towers in the cities. Join it all with double track and run 6 Stephenson's Rockets, each pulling 1 mail car and 2 passenger cars.
I never pay dividends or build until December. by waiting till December to pay dividends the A I's don't USUALLY buy my stock. By not building till December I am able to report a loss every year, lowering my stock prices.
When I start making too much money(which will happen as soon as I build in Chicago or Duluth) I just start buying resources that I have no intention of hauling any where.
Now the A I's are sucking with my stock because I own a bunch of failing mines and farms. This is just a way to hide my fortune ,but it works!