I'm already thirty days behind the schedule I had in mind and each passing day moves me deeper into the off-season for selling houses.

@Mike Vann it covers the basics, but his next book "The advanced guide to real estate" goes even deeper and is probably what you'll want to get next. 

Know/experienced a little (medium-risk) Finally, work on these pieces so you are able and willing to take action.All human endeavors are accomplished with...Definite plans (a clear plan from here to there) + Faith (knowing you can) + Emotion (feeling you can) + Action (taking action) = Achievement of anything

Adding complexity, you're trying to compare what is mostly an emotional decision(owning your own home) versus a more purely financial decision(investing in real estate.)

I am a property manager in Grand Rapids and I would be happy to help you as you delve deeper into investing!  

Don't get your emotions involved and stay focused on your goal.  

Happy to help and hopeful that sharing my experience will allow other investors to avoid the emotional ups and downs that I have dealt re: my HUD property over the last month.

I have never listened to a pod cast as I get board with them.there was a long thread on those that did listen to it and went out to try to buy properties from this persons company only to find out.. it was not what they thought. and in deeper discovery on those threads this guy has no real experience at this.. and is just a hyperbole internet type dude.I am sure his hey we all want to quit our day jobs and have passive income message is well received by you folks out there in BP land.. but you can't get there with the stuff he sells..

I would want to dig a bit deeper on the rent payment not being taxable income to you.  

And talk about predatory, points on my sale price, not good.As to originations, there are many RMLOs out there who think they are compliant in doing seller financing, actually not from several fronts, their employer/broker must have such loans in their charter, insured and bonded lenders aren't covered with equity funded notes, and if they do any volume they may have loan concentration issues of high cost mortgages, this goes much deeper than what our newish loan originator testing goes to that they learn and it doesn't even go into underwriting!