This is probably my favorite purchase, but has come with some unexpected capital expenditures.

In terms of Rental Education, I recommend, Long Distance Real Estate Investing by David Greene; The Book on Rental Property Investing by Brandon Turner; The ABC's of Real Estate Investing by Ken McElroy; and anything by Robert Kyosaki …..These are just a few of my favorites out of a BIG list of books.   6) Start analyzing deals.  7) Become an expert on your local market.

My current personal favorite business and productivity book is Gary Keller's "The One Thing." 

It won't be a problem for you, right up until it is.I can't tell you how many phone calls I've received from new, excited wholesalers that have gone to a seminar where a guru tells them how to operate illegally.Here's the link to MA law on who needs a license - and it definitely covers the favorite dodge of "I'm not selling real estate - I'm only selling my equitable interest in a contract". 

My favorite motivational poster (so far):

I'm 22 years old and I have a lot of passions, but what I love to do most is travel and play sports.

A favorite trick of sellers is that for one or two years before they put their property up for sale they stop doing any preventive maintenance, and only do the repairs that are absolutely necessary, in the cheapest way possible.  

By definition, business is a team sport and property managers are part of your team.

Joel is one of my favorite people on this site!  

Either way, I'm in CA as well (LA) and passive income is my favorite!