I'm not looking for the get rich scheme (though who doesn't won't to win the lottery :) and I'm in it for the long haul.Just like you I'm seeking financial independence, I'll definitely keep on grinding.

Sounds like you understand construction so get a good feel for needs (roof, porch, etc) and just build out in excel the aglow over time and when you need the big capex spend for these items.

Having been with an independent broker, a large unnamed national franchise and Keller Williams realty, KW wins the training hands down.  

I'd like to help in a win/win way but I'd also like to be protected in case it all goes south.Any advice would be appreciated. 

Marty Greenberg is an excellent real estate attorney in the Milwaukee area.  

Excellent points @Richard F.With out-of-state rentals, I have to rely very heavily on strong property managers -- especially for construction/handymen and that can be tricky and, sometimes, expensive.

.- Provide an excellent education for my young daughter.- Establish a mastermind group in Hampton Roads with other beginning investors to share ideas.- Donate 10% of my investment proceeds to educating young people about computers and technology (I really want to get Raspberry Pi computers in local schools).I look forward to hearing from you all!  

My experience and education I have been recieving through various means including here on BP as well as a excellent REIA in Ann Arbor with @Joe Villeneuve have helped me to see that wholesaling can provide the means to help fund your goals of buy and holds.

Also, it's a big win on the equity if you're levered.

Win-Win