My idea is to buy a property every three years and create a pasive income structure for me and my family, any sugestions?

Netflix stock...I think three buck range then compared to 120 something now....if I got in the Delorean I would not be greedy, just pick up 10k shares or so......

Three units.

Your time here will be well spent.Since you expressed an interest in rentals, I added three links below for your review.https://www.biggerpockets.com/renewsblog/2015/03/27/financing-options-rental-property-guide/ (financing options for rentals)http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

The house is 3bd 2bath. 1800sqft. it is in kind of a weird place as it sits in a row of about three houses between two large apartment complexes on a side street. 

I was in your place three years ago.

The stair faces the yard, and it's not within 6' of an adjacent property.I found the code section.CHICAGO CODES 13-200-260 Porches and Decks Existing porches and decks may be repaired or replaced in the same location with construction of the same type as that of the existing porch or deck. (1) Existing porches not exceeding three stories in height may be extended up one story to the roof level regardless of their location with respect to the lot line or other buildings on the same lot, if in conformance with the Zoning Ordinance. (2) Existing porches may be enclosed, regardless of their location with respect to the lot line or other buildings on the same lot, if construction requirements of Chapter 13-60 are met.

I am about to jump into the "pool" of direct mail marketers...yup, as the distressed property owner sorts through his mail, over the trash can looking for utility bills....and throws away all those yellow letters etc....I'm actually going to spend some hard earned money to be one of those letters....with the hope that someone on my mail list chooses to open the letter, or read the postcard and call me to see if I can help them out of their financial situation.I've asked a lot of questions....watched videos....read articles...and given it a lot of thought.I need a list that I can mail to on a consistent basis..I'm thinking once a month for six months...then move on to a new list.The criteria I plan to use:single family and multi family propertiesowned for at least 10 yearshave a trustees sale notice recorded within the last three monthsMaricopa CountyIs this a perfect list?

They would all be advertising in the same magazine (we all know the three popular ones) and selling to the same folks who we all talk with (West Coast, Northern USA investors and or international investors).

So i would like to purchase a three unit home in brooklyn NY -  my first investment property -  I was told by a broker that i would have a very tough time getting a residential loan as i already have a home. this information did not sound right to me - is it accurate?