Find a mentor and find a way to help them.Get a library card and read everything you can get your hands on.

I think I now have added value in that the basement could be a third bedroom (if I put in an actual closet).I believe I can rent this house for $750 - $800/mo given the area when it's time for house number two, but here comes my quandary: I'm still paying down debt from the divorce (car loan and credit cards).  

Typical to play the old black card. 

Problem is, the cards are stacked against things being profitable here.There are significant risks here, mostly stemming from the fact that this is just not a great deal to get into. 

I'm printing off business cards to give to potential sellers.

Hawaii is not in the cards at the moment. 

We have healthy credit card limits and this is what covers us right after we bought a house.When we get out of the acquiring staging we plan on keeping 20k in our reserve account and use the rest to pay off the houses.As you can see each from all the other responses each person has their own strategy.

Looks like I could save around $100 - $125 / month.A small lesson learned, for those who didn't know (I didn't):With a given amount of CC debt, it is better for the debt to be on a card with a higher limit than a lower limit for your credit score. 

Designing my own cards, having them printed from Ebay.

Needless to say, I'm practically crying inside with joy.. kind of like when he conducted his first song in orchestra or received his report card and he was Platinum Honors in his class..