I 100% KNOW that this is not a "get rich quick" game, I realize that, but is it completely crazy to think I can accrue enough rentals in 4 years to not have to get another job with this type of salary? 

Just to clarify when I say newbie I mean I just finished rich dad poor dad and started learning about real estate a few weeks ago.

It won't make me rich but it may allow me to work a little less.My first question:Investing in my first property, I was planning on using some savings to put about 25% down on a condo in my area, for 100k.

The only book I’ve read that even somewhat relates to real estate is rich dad poor dad.

The only book I’ve read that even somewhat relates to real estate is rich dad poor dad.

Like a lot of people, I had an "awakening" after reading Rich Dad, and have spent the past couple of months reading and learning as much as I can.I'm currently living in Stuttgart, Germany, and I'm Active Duty Army.  

A rich man's advice?

I am a new member to BP and have been reading through forums, discussions, webinars......so much rich information here!

As far as legal and tax knowledge (mind you, knowledge not advice, get a lawyer and a CPA for that) is a book in the Rich Dad Poor Dad universe called Loopholes of Real Estate.

Asset protection is key concept that I picked up from Rich Dad Poor Dad book "Unfair Advantage" by Rober Kiyosaki, and my limited understanding tells me that I should have an LLC to protect my personal assets from the property, that is a cool $800/ year here in California.