I started by doing clean-ups and progressed into other things as I got older.

*Of course, there are always exceptions, like if you have a good relationship with a smaller bank and can show a strong business plan with high, steady cash flow (which won't happen if you underestimate OE!).

It is a work in progress and will likely be one for life.

My current strategy is to buy and hold for long-term residual income to augment retirement, or perhaps become a full-time investor much sooner - should I progress quickly enough.

Sean, I hope you keep us updated on your progress!

I continued to collect rent from my two roommates - and now the folks in the other unit - but got to put it in my own account.Since you are going into your MBA - meaning you will still be a student and may not have a steady (or any) income - I would consider for an affordable student property where you would reside with as many roommates as you can tolerate.

Any tips on how to get started in that business to keep a steady stream of cash coming in?

It works for me.Good luck and keep us posted on your progress. 

My goal is to start slow and build a steady secondary income with the possibility of living solely off of the profit of investments.

Soon I'd like to start a family with my wife and be able to have steady and comfortable income so she can be a full-time stay-home mom without worrying about making ends meat.