After a couple of months of dabbling on the site and listening to the pods, I feel like I'm ready to take the plunge that is the new member intro. 

I've been reading BiggerPockets for the last several years and have just about gotten ready to make the plunge.

My plan is to save a years salary before I take the plunge in order to have a safety net and not feel pressure to take on bad deals just to get a deal.

I want to take the plunge and get my real estate license and to do it full time.

When you know how to arrive at the value of an income property and the true net income it will leave then take the plunge.

I've already taken the plunge, and have acquired 3 single family homes with built-in equity that cash flow nicely.

hello all, and let me start by saying i know i am probably beating a dead horse here. i've read similar topics but would like a little more specific advice to help with that warm and fuzzy so thank you in advance for sticking with me.back to the question at hand... i am into my tenth year of service in the military and have always been a renter. i kick myself for not taking the plunge into buying my own home before now but the thought of being a home owner / landlord is very intimidating. but regardless my wife and i have made up our minds its time to invest some of our income and get a return on my BAH. we are currently in fayetteville nc and have settled on the idea of buying a house around $115,000 putting our mortgage with tax and insurance around $700 a month in an area that rents in the $900-$1000 range. our plan is to put as much into the mortgage as we are willing to spend on rent ($1200) to help pay it down before we PCS again. when we do then rent it out and use it as an investment property. cash flow would be nice here, but since we want to move into a livable home and i dont have the resources / time to rehab a fixer upper breaking even is okay with us. long term goal here is to sell when i retire to effectively collect on what our renters have put into the house for us.are we off our rockers here?

@Jermaine PerryEven if you don't "Take the plunge" now and invest in REI, you should be "sharpening the saw."

I feel we are probably over thinking things a little bit because it is our first venture, but I feel it is time to take the plunge and get our hands dirty and so long as the number work, just start learning on the job so to speak! 

I have always wanted to be involved in real estate and took the plunge 11 years ago when I bought a duplex in Albany, NY at a tax auction.