I believe I'm at the point where I need to start developing a business plan so I can have a hard target to aim for as I accumulate my first down payment!  

I don't accumulate any credits that way but I make sure I position it so I can buy at current market prices but take advantage of the future market value. 

I know people that have done this four times over a period of 10 years and were able to easily accumulate three rental properties with good financing terms. 

We have accumulated 5 houses through personal properties turned rentals and pure investments.

With other types of investments the purpose is to accumulate funds.

Excess passive income rules comes into play when you have been a C-corp before and have accumulated c-corp earnings & profits.

To get a multi-family is a lot more...So, i am a little confused as to how to start...i am going to some clubs for the first time this month so hopefully I will meet someone that will 'unconfuse' me....However, i read a lot that it is good when starting out to pick a small, focused area and stick to it for the first 1 to few deals...makes sense..and this area should be close by...problem is, all places close by are reasonably expensive...I am primarily interested in accumulating income producing properties so should I:- stick to a somewhat local area and simply try to find a _really_ cheap deal - not sure how difficult yet- branch out to outer counties or even into wisconsin (racine/madison) where prices may be more agreeable?

You want to accumulate as much good debt as you possibly can.

Now that the power is turned off, the pump in the basement can't dispose of the accumulating water which will eventually inundate the basement again.

We've been buying and accumulating as many houses as financing will allow here.