As a second generation Realtor® and Investor I am extremely passionate about all aspects involving Real Estate and helping people in my community.

@Rohit Vij - is your primary goal to generate monthly cashflow?  

., buying and selling your own property, managing property owned by your employer), have satisfactorily completed both the qualifying salesperson course of 75 hours and an additional 45-hour real estate broker course as approved by the Secretary of State, and have passed a qualifying examination administered by the Department of State.How do I obtain a waiver from the 75-hour salesperson or 120-hour broker course requirement?

I live in Orange and am also looking to purchase a property in the near future, with the hope of building a portfolio over time and generating passive income. 

Olivia,Most investment professionals, brokers, advisors, and even CFP's are paid only on commissions and fees generated from managing a portfolio of securities. 

On a multi-family unit, if you have to have 100% vacancy for an entire year, you need to be employing your exit strategy unless you have certainty that it is only a temporary situation - i.e. you took the building offline to do a major renovation of all units. 

My former employer, a Canadian brokerage, has trained me well in that and prior to that, been doing cold calling too when i worked with to some US real estate investors. =)

In the longer-term, I would like to obtain several more small, multifamily units and a small apartment complex (20-40 units), that could eventually be managed under a property manager and generating positive cash flow. 

I am wondering though what financing options we can expect as we both recently moved back to the us, are between employment, and will likely be self-employed once we do find employment.  

There is so much good with this city and the list of major employers (FedEx, AutoZone, St Jude, etc.) does not disappoint.