My friend is pretty big time and I think he parks his money in this way so he can get some kind of return.Newbies usually don't have the cash to park in something that can generate a low return like this.

I looked up some ozone generators for residential that are about $400.

Those were the steps I was unclear of because I could drive around and search for vacant properties, but I need to connect the dots and relate the findings to generate any type of deals.

I am thinking that if I get a Real Estate License, then I will be able to at least generate some income as I venture into Real Estate Investing.

This is because you need capital for long periods of time, making it tougher to find lenders or equity partners.A lot of buy-and-hold investors will also have a more active strategy (real estate or something else) that allows them to generate additional income to speed up their ability to build a rental portfolio.  

My long-term REI goals are to generate enough positive cash flow to achieve financial independence. 

My long term goal is to generate a passive income through "buy and hold" investing which will enable me to invest on a full time basis.I look forward to belonging to and learning from the Bigger Pockets Community.

Christina, to maintain the integrity of this thread, I'm in favor of continuing to drill down in the original topic; use defaulted tax list(s) as a lead list to generate bargain buying opportunities prior to tax sale.My strategy has always been simple: an initial letter (or postcard) to make the owner of record aware of the situation.

It's an info-graphic on the amenities desired, by generation, of new home shoppers. 

However, I first need to generate capital.