And to Dave's point, it is true that those who are not "poor" and not "wealthy" tend to have the hardest time tax-wise, in that they are too wealthy to qualify for various tax breaks and the like, and too poor to get their interests really taken care of by the advantageous writing of the tax laws.I guess I'm a moderate, and that seems to make sense since I'm politically pretty progressive, and also, obviously, an investor for a living. 

You may even get push back on having no experience unless you're buying a turn key hold.My best advice to a new investor:1) Open an LLC for Real Estate transaction2) Open an account at Experian and keep an eye on your credit and know where it is3) Save as much capital or if you have a wealthy sibling or family member and you never asked for anything and you were waiting for maybe the perfect joint venture then now is the time. 

Pay 'em off and lead a simple, wealthy life!  

Get wealthy.

Bigger Pockets also has a number of articles and videos that talk about how many wealthy people have said that real estate is the surest and most reliable way to riches.

I think there was a stat out there that generational wealth is almost always gone by the 3rd generation.

A wealthy friend of the family has an arrangement where he has been a passive investor partnering with a contractor/flipper for a few years now.My friend provides all the cash to buy the house.

Usually foreign college students are supported by their wealthy parents, so you will have dependable rent.

See if you can grow your net worth by 1% per month, do that and you'll be quite wealthy in a hurry.

It's the numbers that make or break you as a wealthy man, or a Poverty Pete.Good Luck!