if the base of your pyramid is you, your body, your business, and wife and kids and volunteering etc... on top of that... if you go to heck... what happens then... 

One is the property management LLC which handles all rent payments (on top of the pyramid).  

@Andrew Syrios and you need to be aggressive before you can afford to be conservative.And there are those that would lose it all.Build it like a pyramid with solid low risk at the bottom and higher as you go up?

First, it is set up similar to MLM pyramids.

It sounds like a bit of a pyramid scheme, am I interpreting that correctly? 

Do I leverage off of loans and pyramid up and buy more properties with several small down payments?

22 years of age$15,000 in student loansno other debts$50,000 salary, secure job$4,000 in savingshere's what i'm thinking:residential duplex/triplex/quad--i will also be living in one of them in order to save money for cushioning while being a landlord.increasing the value of the home through a discount price, inflation. demand and forced appreciation. within a few years:1031 tax exchange to pyramid up.I understand that my plans are broad and the blueprint is yet to me entailed through this post butmy question is, is this a smart first real estate investment?

IMO your best bet as a new agent is to suck up all the good noobie training KW is known for, but let ALL things pertaining to their concurrent pyramid scheme "profit sharing" go in one ear and out the other.

I understand the basics of wholesaling and many people I have talked to have recommended some of the typical  "wholesale guru courses" personally I don't feel comfortable forking out money to a pyramid scheme style that don't have creditable sources.

Two interesting take aways for me.15 yr amortization and pyramiding.