Owning your own home can give you leverage to purchase your next property.I know some real estate investors that prefer to rent their primary residence and enjoy the freedom to move around more, supplemented by income from rental properties. 

Here is a list of great books to supplement the forums & the podcast: The Best Real Estate Books Ever If you have any questions, feel free to ask.

I would prefer to have residual income to supplement my retirement and be able to pay back all the years my family sacrificed for me during my service - all I want is to be able to actually retire when my military career is done.

Private money lenders do not advertise . its not their business they just have excess cash and want to make a few loans for their IRA or supplement their income.. 

My goal was always to have them paid off quick and have 10-12k/month in passive income from 10 properties to help supplement my 401k.  

By doing the math, I realized that if I reach this goal I will raise enough capital over the course of the year to supplement my income and buy a 3 family home.

I like to supplement my advertising via Facebook ads during the slow season.  

I am interested in "house hacking" - finding a duplex or triplex, using traditional bank financing for the purchase, living in one unit, and renting out the other unit(s) in order to supplement or completely cover my living expenses.

The reason for my interest is that my ultimate goal is to acquire and manage a large number of rental properties, and i figure that managing some third party investments could be a good source of cash flow to supplement rental income.My question is - What types of licensing is required to operate a PM company in Louisiana? 

Let's set the tone straight; most people don't get into the rental business because they like to manage problematic tenants, deal with leaky toilets or attend eviction hearings.Most people follow traditional investment strategies, that are taught to be passive, but that in reality are far from passive for the great majority of investors.At the very core, most people begin in therental business because they believe in the fundamentals of investing and desire to create some level of freedom and passive income to supplement their current income, and at the same time would like to have some sort of control over their investment.There is nothing wrong with this, and i certainly wouldn’t want to discourage anyone from buying rental houses, if that’s what you really want to do.