Addressing the problems is like trying to put out small individual fires in a forest that is burning.

We refer to it as a “debt checking” account in the 101 Financial world.

I have done research, read books, talked to a few experienced individuals, but have never done any of this myself.

Financially, would it be smarter to purchase a rental home first (if we find one for the right price) or should we purchase our own home first then potentially rent that out when we are ready to move again?

I've recently had a perspective change due to listening to Rich Dad Poor Dad on audible, as well as some of Brandon's books, and im seeking to make a change in my financial, personal, and professional life.

Register for an account as a "Financial Investor". 

My goal is to get my financial freedom and get 5k a month in passive income as one of my initial goals for real estate. 

All said I recommend that you do it, if you don't come out as great as you thought financially, you will come out a wiser man!

sub too wrap lease option etc.. is a fine method but in my mind only to be used by very financially capable folks.. not folks that are trying to get rich on OPM and no credit.. and in some states the persona with the lease option can hole up and judge may make the lessee do a foreclosure giving the lessor a right to cure..   

Does the BiggerPockets rental agreements work for individual room rentals?