Specifically: What should I be doing right now to prepare financially?

It’s a practical first step toward financial freedom — you become both a homeowner and an investor on the same day.Living in your own investment property allows you to learn property management firsthand while keeping your costs low.

The goal with this is for both us to go part time at our w2's and spend more time with each others and our two "growing too fast" little boys, then who knows maybe one day financial freedom.im open to any questions and any advice.

Mind you, most of these tenants are paying between $2,000-$3,000 for 2 to 3 bedroom units so the $1 is inconsequential to their financial wellbeing.

Im interested in the financial sector and im trying to see how i should go about starting my financial endeavor, im still in college but on track to graduate with a financial major.

The goal of real estate investing is long-term financial independence.

Don't commingle; abide by your entity structure and operating agreements; review your financials on a monthly basis; use your financials to drive decisions; etc.Once they dial in these good habits, they actually have more time to spend on the part of their business they love such as finding great deals, raising capital, managing their assets, etc.

I'm about to graduate so I do have a general understanding of types of debt instruments, discount rates, and just about most financial terminology.  

There are a lot of ways to answer this question, and most replies so far have focused on the financial analysis side.

You have set yourself up for success, and your financial situation alone puts you ahead.