I think real estate is a terrible business for a newbie with limited capital to get into to... Sorry, but it's very commodity-like. There are too few barriers to entry on the low-end... And it's too influenced by writers and seminar speakers touting it as the easiest way to get rich quick (so it attracts too much riff-raff).
And here's something else to think about: With real estate, you often need to invest $20 in order to get $1 of income. So, to make $50,000 a year, you might need a $1,000,000.
In comparison, with an active trade or business, you need on average to invest $2.50 in order to get $1 of income. So, to make $50,000 a year, you might need $125,000.
Why not invest in something that pays a 40% cap rate rather than a 5% cap rate?
Steve Nelson, Publisher, www dot llcsexplained dot com and www dot fasteasyincorporationkits dot com.