REIT's!

I've been reading about and looking up stocks like a mad man lately. One thing that has really caught my interest are REIT's. Real Estate Investment Trusts, i've always wanted to buy property to rent out, but i've never had the money to but a building in new york city... ha ha ha. The cool things about Reit's is that they don't pay a corporate tax because they pay out a 90% dividend which i really really like. one of my dreams is to own enough high dividend stock i could live off the dividends.  do to how battered the real estate market is i think that i will be able to get some of these at a good price. I like land because they aren't making any more of it, and no matter how poor people get they have to live some where.  i am looking at Reits that own old folks homes and long term care buildings because there are gonna be alot of old people soon and i want to profit off it. ha ha ha