I would also like to take some of my money I were to get from wholesaling to pay off the homes and have a HUGE stream of passive income while I am at a very young age.

I have multiple income streams.

Here in the good ole' USA this credit crunch has created a lot of opportunity to make a lot of money.....as they say, "the time to make money, is when the blood is running in the streets" (or something along those lines).

This is due to the court system streaming things a few months back.

Thanks for the reply Ned.What i'm trying to do is find something I can do as a job,while also learning as much as possible about the rental business.I like having as much information as possible.Since my post i've thought alot more about it and think I might be more suited towards property management with my current skills.It seems to be a better avenue to learn the business than simply getting a real estate license.If I do get into it though,I would plan on getting my license simply to add an income stream if nothing else.The courses and testing/licenses are very affordable and I love adding to my education.Real estate law seems to be something really good to know if your buying/selling real estate for profit.

Even then in today's market, it's still hard.One thing I would have done differently from when I went full time is setting up enough passive income streams to cover my living and business expenses each month.

You can't get blood from a turnip - especially in the People's Republic of California.Mike

No, that's the right question...unfortunately, the answer is ZERO and NONE as far as your chances.There are NO non-owner occupant cash out loans (except for hard money) that a lender will not look at your credit and income.And there probably won't ever be again.Best to build up your credit (not that hard if you have none) and find someone to partner with.No credit is better than bad credit, and by finding a partner as co-owner (should be a blood relative), you can buy a home with just 3% down FHA, as an owner occupant.Don't ever, EVER, EVER, pay ALL CASH for a property unless you plan to flip it FAST !!!

No matter what is going on in the market, if you are a real estate investor you are really buying a cash flow stream.

My college degree is in architecture so, real estate is in my blood. :)And I strongly believe that without successful and systematized marketing, businesses will have extremely hard time growing in today's world.