I can create a passive income stream or flip some houses to supplement my income.

We are looking to do this in order to build revenue streams for the future & retirement, but of course use now as well.

With the passive income stream I am creating , I would like to be able to do a lot more traveling with the little monkeys.

Once you have a solid income stream from RE you can revisit quitting your job.

This looks similar to an HOA auction play....you need a low purchase amount, since you're just buying the rental income stream until the bank/IRS comes knocking, not actually buying the property for a long term.

I've read the beginners guide and I am constantly trying to learn as much as I can.

My ultimate goals are to develop multiple streams of income in order to eliminate destructive debt; i.e. school loans, and to build a decent cushion for retirement, take care of my family (I've got a husband and two gorgeous girls), and own a dance fitness studio some day (I am a certified group fitness instructor).

I'm with Aaron on this one.Assuming everything is equal, 3 properly leveraged properties will out earn 1 thats paid off.You get 3 streams of income, resulting in 3 sets of cash flow, 3 sets of depreciation, 3 mortgages being reduced and the security of 3 cash flowing properties to cover vacancies for each other when they come up.

Plus we should have longer term tenants in their constantly, and shouldn't ever have problems finding new ones when needed.

in addition to monthly mgmt fees, maintenance, and leasing what income streams are available to property mgmt companies,Thank you Bryan.