I'm a newbie just trying to get educated so that I can learn my way in this business as a way to make some passive income.  

I'm considering diverting more of my income into tax advantaged accounts, as it's not worth paying taxes on the income now if I can't find good opportunities to invest the money.  

I heard about this site through a podcast and have been wanting to look into getting into real estate investing as a way to generate passive income.  

However, most of that income is offset by expenses to reduce taxes.

The conventional financing guidelines were designed with the primary end user in mind for the most part with slight accommodation for investment or non owner occupied use (75% of gross income and other simplistic rules).Good post Ruddy!

I can also leverage my steady income for investment purposes.

For this first deal we are using a cosigner who has excellent credit and excellent income.

welcome @Jose RiosYou always have the option to rent out your rooms in your SFH to generate income as well ! 

I am the head of a single-income household of 4, and after accidentally discovering BiggerPockets and Robert Kiyosaki, I've decided to move my family into my in-law's place (from Garfield to Bergenfield) in order to stop paying rent and begin saving serious cash for investing in the near future.I would like to start off with a duplex/triplex/fourplex as primary residence while collecting decent cashflow.

Plugging numbers form local property managers into maps and spreadsheets, analyzing home costs vs. rental income vs. population growth and a few other factors.