Reading over this post has motivated me to write down my goals to create a more clear vision for what I am planning to accomplish over the next decade. 

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

You're not accomplishing anything. 

First of all, what do you need to accomplish financially that would allow you to retire? 

While accomplishing step 2 will help with this.

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

This is accomplished by the lender ordering a comparable rent schedule (form 1007).

This way you gain more experience real estate wise (which banks like) and you are getting a head start on that 2-year track record (which banks also like) all while still maintaining your W-2 job and being bankable in the interim.Sure, this route is a lot of work and sometimes requires long hours, but it is a path to go about things where you can accomplish all of your goals while still being able to get loans on properties.

The second question is how do you want to accomplish that goal? 

That is something I hope to accomplish one day as well.