Residual income to the rescue!

The more I work for money the more I want to work for residual income. Today I got my first direct deposit rent payment, and it was totally awesome! I mean how can you beat logging on to your bank account and seeing passive income desposits you didn't even have to make? I love real estate, and if I had my way I'd just do rentals but it takes money to pay the bills and to save up down payments to buy more houses.

I just can't wait until the day where my rent checks could cover my bills and then I could go do it full time. Or even flipping houses would be great too. But that is pretty risky with the current market and economy.

I'm thinking of buying a new house that would be half the cost of my house now, simply because its 3x bigger and I'd move in with my girl friend, and with her kicking in for part of the expenses, my monthly cash flow would probably go up about 500 a month. Thats a new house every 10 months right there, assuming 5k down will get me another rental. Not to mention I think I can sell my current house (after remodeling is finished) for a solid 25k of profit. So that would buy a few more and pay some loans down and put me a lot closer to my real estate goals.

Honestly thats all I think about, building passive income. I think I'll start ebaying crap I've had forever just to get more down payment cash :)