I am looking to get into real estate investing as I crave financial freedom as well as the flexibility and creativity this craft has to offer!

My goal is to create passive income through rental single or multifamily properties and become financially free to be able to give my beautiful wife and my new born son the life they deserve.

------------------------Under the new action plan I would: 1.  

It's time to move and start taking the steps toward my goal of financial independence. 

After several phone calls and meetings, with accountant, financial adviser, and attorney,  (my team) I have decided to go with setting up a new LLC for this property.

Listen to podcasts here, pick up a couple books written by investors that have done a lot of what you want to do and then take action once you understand.

I really want to take a loan against my rental building so I can buy more investment properties, but my situation is I don't have tax returns ( new immigrant and this property has only generated income for 6 months), any suggestion on which financial institution can help a case like mine?

Always contact their previous landlord, if they don't have one reject their applicayion.I place a great deal of emphases on credit score since it is a measurement of financial responsibility and financial planning.

Talk about a conflict in philosophies of becoming financially free!

. :)Caution: not every investor is in a financial situation where extra depreciation is helpful.