You just need to make sure the investment you buy can cover the costs you will be incurring and produce cash flow for you!

Then, he used the funds from the biz to buy income-producing assets.

I already have multiple real estate businesses that are producing income, and have my mortgage loan originator license so I will obviously be doing an internship with a company within the real estate industry, and it may just be a company that is already a partner of mine.

This is a passive option that often produces a better return than most new RE investors achieve on their first or second RE investment. 

Whe you buy a rental, you'll have to own it for two tax cycles before a lender will give you ANY credit for the rental income it produces, and after that, you'll only get 75% of the credit for that income.

Investing is buying an income producing asset hoping it grows faster than inflation (value and cashflow), while leveraging on others to help pay the loan/s (tenants). 

Cash producing asset.

We are both excited to meet new people and learn/produce as much as we possibly are able.Thanks for reading!

Are they having difficulties to produce sufficient income and/or cashflow? 

The market here in FL is unique from the rest of the country particularly in Sarasota - the price of SFRs is driven by general economic principles far more closely than investment properties whose price is driven by the income producing capabilities it has.