My concern is how much money goes into the management and travel involved.

My husband and I traveled to the Grand Mayan Resort in may, 2014 for a week's vacation.

I don't think being an "appreciation" investor is smart for those with shallow pockets, I can support the occasional hiccup with other income.It seems out of state investors never want to calculate their traveling expenses either and I can't imagine buying a house I've never seen, I don't care who is selling and how well I know them.  

HOW MANY PEOPLE HAVE YOU HEARD MOANING ABOUT HOW THEY REGRET CHASING THEIRE DREAMS OR TRAVELING THE WORLD?

I travel around and have lived in many areas.  

Dealing with the sense of guilt that this is his money (as he needed it badly before he passed), I have thought long and hard about making sure I use it in a way that he'd want me to (he was a huge proponent of traveling and seeing the world), and furthermore, weigh my options in regards to investing.

I was a International freight forwarder, which is like a travel agent for cargo.

If you happen to live in an area (or are comfortable travelling to an area) where it is efficient (I'm arbitrarily saying efficient is that for every 100 properties you view, you make 10 offers, of which, 1 is accepted), the the rest of this point is moot since that is fairly easy to scale up (as in a small team can probably view 1000 properties annually while the wealth is compounding).

I'm willing to travel and network.

Hopefully with enough money to do great things for my family (Giving parents a great retirement, top-notch education for my kids, be able to give my wife a great life with excess, travel the world together, the usual...)My plan thus far is this:-Begin building credit (currently have none)-Begin investing in buy and hold properties ASAP (probably looking at FHA loan on multi-family with a cosigner to get going)-Continue pursuing Bachelor's in Computer Science-Graduate and find software engineer position-Live below my means and be investing as much as possible into buy and hold properties (I aim to be generating 10k+/month in passive income in my early 40's)-Once my passive income can support my expenses -possibly before- begin a startup-Keep working towards that 10k+/month and retire when/if I feel like itDoes this seem like a good, sensible, plausible plan?