Thanks for the informative responses.
I do plan on building a portfolio specifically for weddings and by doing that I would probably have to do some freelancing. I have a relative who is getting married this summer and I was told she already hired a photographer. She gave me the permission to do a freelance photography as long as I don't interfere with the photographer. In this situation it would probably be wise to get the new 70-200mm f/2.8 II lens that I crave for.
Recently I was chosen by a friend in California to be her wedding photographer and I'm very excited. Since I have no actual experience in wedding photography I don't expect a nice big fat check but I will be more than happy to have beautiful wedding photos for my portfolio and having an actual experience is a big plus.
Not too long ago my partner and I did an engagement session in DC. The clients loved the photos so they will be choosing us for their wedding in the future (around November) and we're very excited about that.
As for the gears my partner and I have some useful gears. Combined we have a 7D, 30D, two 18-55mm, two 50mm 1.8 II, 24-70 2.8L, two 580EX II, Lumiquest Mini SoftBbox, custom made light modifier, wireless triggers, light stands, umbrellas, tripods. This summer we will be getting a 5Dm2, 135L, 70-200 II, battery grips, batteries and some more cf cards. We already have the computers and softwares.
As for living I have a friend who always ask me for help on detailing cars. He also asked me to take pictures of customer's cars for the before-and-after photos. As we go through customers I'm always giving them my business card and hope to get some networks. The car detailing job doesn't pay enough so I need to look harder for any kind of job... the economy sucks. Luckily my partner works full time at the moment. While I'm jobless I can use my college knowledge to build a website.
Another question... do you make the customers pay for flight, hotel and food? If you were to fly elsewhere for someone's wedding, how long do you stay there? How early should you get there to prepare? I had another question in my mind but I lost it. I'll get back to you on that one.