For a couple - this number increases to 8 if husband-wife each own their independent properties w/o having each other's names on the title docs?

At this point, I don't know enough to take on the independent lifestyle, so I think it would behoove me to work for an employer to gain knowledge while having more security.

Once I learned that end I saved a lot of money from needing to pay a technician to replace exhaust fan motors of relays.You can learn how to do roofs by reading the wrapping paper on any bundle of shingles, or you might be able to find an article called "your roof, for heaven's sake" which was published about 25 years ago by a California property owners' association.

I just don't know how much of an issue it actually is as of yet.I have thought about getting an estimate from a foundation repair company, but at the same time would much prefer to have an independent analysis of what exactly is needed instead of hearing it from someone who can easily inflate the situation to improve their own profit.Thanks for any tips!

Run your own numbers and get a second and third independent opinion before you pull the trigger.As others have said, $250k is not going to work as a buy and hold.

@Nicholas Sambrick In addition to those mentioned, I'd add The Real Estate Rehab Investibing Bible by Paul Esajian, and Real Estate Wholesaling Bible by Than Merrill (even if you aren't planning to wholesale).Also, @brandonturner published  "The Best Real Estate Books for Your Investing Business " on BP which might be helpful.I find audio books work best for me on the way to and from work.

If it's "financial independence", what does that mean exactly? 

My goal is to be financially independent when I'm 25. 

A reputable realtor can find you an independent contractor, at least I did many times, charging a fee, but at least you will be getting an honest opinion.

The deposit must stay in title company, a third independent company.