I've seen several ups & downs of the housing market over the years and I don't subscribe to the notion that prices Only Go UP, or It's Different THIS Time, or I Can Outsmart the Market.

To figure out how ridiculous a notion it is to want to make the kind of passive income or what it would take to do it anyway.

Forgot to mention one more book: The Millionaire Next Door.This book is inspirational as it really helps to reinforce the notion that getting rich is not based on luck, intelligence, formal education, or inheritance (e.g., the genetic lottery).

yes, quite right. the notion that banks all the time profit is not an accurate statement. these things can only lead to a bigger disaster.

I’m planing to opt for a conventional loan, unless I find a better deal to finance the property.Currently I’m constantly checking out deals in Zillow and other websites to have a notion on the zones prices and monthly rent that I could charge.Thanks for your advices and believe me that I am enjoying every single moment of my adventure Thanks !!

Social norms = the notion people have a right not to be offended.

I too have a flip business on the side.After doing some research and reading some more on BP regarding syndication, I'm coming away with the notion (perhaps incorrectly) that syndication may be a shorter term play than my long term goals?  

You have a weak case given the unit was vacant at the time of the loss. a tenant would not be able to notionally renew month-to-month if there was no tenant to begin with.

I'm curious about the notion that forming an LLC mgmt company instead of a RE-owner company would save any money at all. the umbrella insurance protects from losses at your properties, but wouldn't protect your properties from personal judgments unrelated to your REI activities (e.g., if you got into a bad car accident or something). the LLC, assuming you follow the relatively straightforward formalities when operating it, would offer some protection of the property (if not from any cash-flow distributions you'd otherwise get)

I guess my question is -is owning 25 or even 50 properties an outrageous notion/goal for a individual investor, is it a realistic goal?