They are just situations in search of a solution, and the people that find solutions get wealthy while those that have "problems" vote for people like Obama, Bernie, and Hillary. 

Keeping a source of income going that will allow you to reinvest your real estate profits will only get you to a wealthy state sooner.

My goal in real estate is to build a business that not only I can live freely from passive income, but to build wealth, not only for myself but generational wealth I can be able to pass down to my future children to where they can pass down to their kids and so on.

A flood claim however on average is $70K to $120K, if you want to insure yourself and have the ability to let all that money sit in a savings account great, I however spend every dollar I have on growing my wealth. I

Recent college grad, not completely pumped about my career and geographical location, wanting to get into real estate after discussing life thoughts with some wealthy older business owners. 

I really enjoy the world of real estate, not just for the money or wealth, I just like dealing with properties.My REI Story:Two years ago I bought a town home for my primary residence on a 15 year mortgage.

That was hard go type after 2 Knob Creek and diet cokes.  

He is now into teaching which kind of turns me off but he was grown up with good lessons to make him wealthy from real estate.  

Certainly you aren't suggesting that wealthy people rely on others with knowledge comparable to RE gurus, that would be laughable.Comparisons of the wealthy to commoners is a favorite agenda for gurus, plant the seed that such is not only attainable without further education but common and can be accomplished through their services.

I'm a family of 3; you wouldn't want to see our food purchases; the wife and are all her natural/special diet stuff plus eat out.