I decided that becoming a GOOD real estate agent I would gain some experience and be able to accumulate some money to start investing.

People still live paycheck to paycheck even if they have a high enough income to accumulate a reserve of 6 months' living expenses. 

Feeling my way through this, I have an interest mult family buildings down the road but for now i wish to buy and sell, hold some that are worth holding.I need to refer to something that will help me put things in perspective, any suggestions to any online resource that serves as a guide for those that are trying to put together a real estate investing plan, a guide that will help me ask myself questions that I should be asking myself and about market conditions, etcccI believe and could be wrong, but based on market conditions I should be looking at what is hot right now and make decisions based on this that would help me achieve my buy and flip goals to accumulate capital for further investing into multifamily properties in new york or tristate area of nyc.Can you give an example of 1 or 2 business models that short sales or reos would be inline with ones business model.I take a position of humility here, although involved in another aspect of real estate which was mortgages and private money, this is whole different animal and new terrain I am exploring and being careful I am not eaten by the lions in the jungle to quickly before I start crawling...So my position is ..be humble and open to those whom have already experience in this investing, so I guess to put it bluntly not sure about this business model thing and how to go about ensuring I do the right things to put one together that makes sense for my area of nyc, this is a different jungle and not sure how this it really differ from other investors located in other jungles around the county...unsure about this as well.....

@Cody DeLongI think we're mixing up terminology here leading to confusion.Most S Corps don't distribute "dividends" (there is an exception for S Corps that used to be C Corps and have accumulated E&P). 

You set aside money each month to accumulate the funds for when you need them.

Now that there are lots and lots of people who have been doing real estate, I suppose if I was just starting out, I'd use a mentor if I believed he was honest, had integrity, knew what he was doing, showed proof of his performance, still invested in real estate himself, had a hundred or so properties under his belt, bought in the zip codes I wanted to invest in, was buying the types of properties I wanted to own, understood the changing climate of real estate, understood entities and taxes and inheritance issues, understood cash flow, understood asset protection, understood how to find deals "off market" and was savvy, yeah I'd go that route and any amount of money I paid would be inconsequential to the wealth I'd accumulate.

You bought a property for $170k and accumulated $20k of depreciation.Your new "tax basis" in the property is $150k.You sell for $200k.

You rightfully should be looking at taking accumulated assets and trading high performance for higher safety.  

In which case, you're being charged 0.833%/y.Perhaps get it in writing that you won't be accumulating interest on THAT $1k interest per year?

@Joe Fairless Maybe..right now I own 23 rental units and wanted something to help accumulate cash faster so I decided to focus on flips.