After you get established then sure you can quit your job and only focus on REI.Sure you can go get a property using a hard money loan that only looks at the property for lending, they will charge you around 10%-12% plus points becasue your new.

Those funds can only accept rollovers from other qualified plans, or you can make cash contributions to them from earned income.Once you establish self-directed plan and acquire asset inside of it - you no longer need to worry about doing 1031 enhance inside of it.

However, there is a way to convert a rental into your primary after the completion of a 1031 and the establishment of the replacement property as a investment asset as you suggest in your last option. 

Looking forward to meeting and establishing some new relationships and contacts on this site.

Other similar mindset books.The 4 Hour Workweek by Tim FerrisThink and Grow Rich by Napolean Hill80/20 Sales and Marketing by Perry MarshallBut if you are sure real estate is your thing the Bigger Pockets books and the Rich Dad Advisor series are both excellent for filling in details.

To use an example that is more established, when you buy and sell stock on an exchange you probably have no idea what goes on in the background, nor do you care.

Page 6-19 has a section, 6-9, entitled "House Rules" that I suggest you read before establishing your curfew rules.

Module #1:  Establish an investment, where the income from it pays for 3 things.  

You could always go private money if you -really- want to go there, but if you are "new to the game", then I'd heavily advise you against brand new construction without either a construction or engineering background or if you are heavily banked.At 80-100k equity, you could turn that into 135-170k of buying power with bank financing at around 60% LTV (I'd be conservative if this was your first time going at it to make sure you will cashflow and establish that to keep working with your banks).

Most MLS systems have this filter but you’ll need to establish a relationship with an investor friendly agent to get this information emailed to you in a spreadsheet.