From what I've read it seems as though real estate investors (in my case potential investor) always talk about exit strategy, understandably.

That's my understanding as well, to be a bedroom it needs to have a closet and a window (large enough to serve as an exit).

Also, have an exit strategy in place... 

It gives me more than one exit strategy.

I have had a friend that owns 2 properties in my area tell me the same, but I want an exit strategy right now to obtain a house that Is not causing that much problems.

Before you pull the trigger though, make sure you have a second and third exit strategy if it doesn't work out for whatever reason.

Any suggestions appreciated.Question: I have also reached my maximum 10 Fannie Mae loans and am looking for any advice on going beyond the 10 loans.My long term goal is to generate enough passive cashflow to exit the rat race.I have started listening to the podcasts and reading through the forums.Thanks for your helpDean

As to being overwhelmed - I totally get that, and here is what is working for me: 1) As @Paul Timmins said, I keep going back to the http://www.biggerpockets.com/starthere page to make sure I have got that knocked out.2) I then read the beginners guide and developed my High Level Business plan which helped me understand / clarify my goals, my exit strategy and what I needed to do to get there at a high level.3) The business plan was great, but it was not an Action Plan (i.e. what do I RIGHT NOW), and this is where the forum alerts came in great.

I don't want to limit my exit options.

Know how to implement various exit strategies & objectively evaluate the costs, risks & benefits of each scenario.5.