You need a manager, let the manager vet the partners, deals and the business end of your real estate ventures.

I believe rentals would be a good start, I'm not close minded where I wouldn't entertain other real estate ventures/opportunities, though what do I know, I'm "green"Hoping BiggerPockets can assist in my education and lessen further procrastination...Jef

For all those DIY landlords, what color/sheen do you use on the inside of your closets?  

I have been scouting a bit in Atwater and Winton for a different business venture and was pleasantly surprised by the area.  

@Brandon Hall, sorry, misspoke, the scenario I described above assumes husband and wife each earning $50k in their day job (which is more realistic for lots of flippers here on BP)--not a single $100k+ income earner--and that both spouses are involved in the flipping business, either as a qualified joint venture in the non-S corp scenario and as 50/50 shareholders in the S corp scenario.  

We resold one at one point for a small profit but the money did not outweigh the time so we let that venture fall flat.We work in and around the Jacksonville marketplace.

Currently, my wife and I are working on reducing our credit debt before we venture into purchasing a property. 

This is what these people do (just like you know depreciation) they know saws, tiles, paint, wires, shingles and really skilled people move with speed and efficiency that it is hard to match for the DIY weekender (again, finding the right ones is half the battle, as a conscientious DIY can do better than some poor contractors)...

I would recommend the meet ups if you have the time to attend while pursuing your other ventures.

I've felt lucky that all of my RE ventures thus far have gone somewhat well ( I went in expecting nightmares but was willing to give it a try anyways) and changed my financial outlook and attitude in life.