You could learn how to manage properties, spend the next 5-10 years buying cashflowing property, retire before you hit 35 and never work a day in your life again.

Now more than ever before, too many people think they should get healthcare, food, shelter and all of life’s conveniences whether they work for it or not.The Federal Reserve can print a $100 bill for 3 cents.

There are numerous banks that will finance using the land as collateral.

I just replaced 2 bulbs in my office this morning-- Phillips Duramax long life bulbs, and one of them lasted 30 minutes and is burned out already.I had CFs put into my porch lights.

You have numerous other expenses, including property management, advertising, maintenance, legal fees, utilities, vacancies, tenant screening, and who knows what else.

If a new boot lets fear dictate their life they should stay with the nine to five job.

If what you need is help managing the information, I recommend using Salesforce (web-based CRM).I'm a hard money loan officer and I use it to manage my clients' info - it is a life saver.

My Name is Reverend C Babinchak I have Lived in Utah for most my life spent some time in NYC, I have been working in the Real Estate Education Coaching Company's and Ebay and Ecommerance Company's for the past 10 years.I Start Investing myself 5 years ago and made great money doing it parttime but now doing real estate investing fulltime.

-rent something reasonably nice/small for the wife and I to live in and invest in a smaller apartment building or commercial property-go owner occupied on a cheap 4 unit place(not sure wife will like slumming it-or that I would like the lack of investment/personal life boundaries)-buy a 200k house to live in and invest in a smaller 4 unit-ish sized place-buy a giant 400k house and just fund the IRA and don't bother with REI.

I've found the best gems of wisdom have come from true life stories here on BP.Good luck with the profile picture & we're all looking forward to hearing more about holding RE in Plano, Texas!