In all likelihood, my kids will grow up in middle-class neighborhoods, go to college, stay out of debt, and be able to provide for themselves.

The ideal candidate would be someone looking to be part of a team and working for a growing real estate company.Here is a brief description of the type of agent we are looking for.

I currently have 4 rental houses but I'm always looking to buy more, although I'm a little scared to get over my head...I'm not sure Nebraska is the right place to grow big.

Well the WCRT mantra is "Learn, Grow and Give Back" so let's green light the charity.How about some cool swag that says "Bigger Pocket Loyal Pocketeer!"

Insurance, advertising, tenant screening, legal fees, maintenance, evictions, the list goes on.If the net taxable income is negative (entirely possible with the depreciation) you may be able to deduct this against your ordinary income.

Creedog: I think the best way for you to start is not by focusing in REI straight away, but to read self help/motivational books like Rich Dad Poor Dad, Think and Grow Rich, etc.

I have 4 rental units which I do very well with and so far can manage, but I don’t know if I keep growing if I’ll be in too deep and over my head to manage risk.

Grow Rich Slow.

Also as you grow as a landlord you could keep appliances and  lighting fixtures that you get on sale and keep them in your garages until needed.

Starting out they are essential and should be used to minimize your risk when your ignorance is highest, but as your knowledge and confidence grows you may out grow contingencies in your offers.See any contingency you put in your offer makes your offer have less value to the seller.