Thank you everyone for your input and advice. This is so awesome! It makes me excited about the journey. Something @barronbrittingham said was very interesting. That using equity in a home makes him nervous. A relative offered to help me with a deal (as long as it made sense). Their help comes in the form of 75k equity from their residence (I also have about 10k cash to use). Is that a bad thing?
Also, I am working on my criteria. So far I know I prefer a duplex, triplex or Quad. I'm married with a baby and we would initially love in one unit. For the next 2-3 years we will be living in the Philadelphia or NJ area close to Trenton (probably not in Trenton). I also believe a higher end unit would be best to attract good renters and also so I feel my family is safe. I also imagine the cash flow potential has better upside.
I also want to take action soon to get that on the job experience that I must learn on my own but realize I need to get educated before I start.
Thank you all again. I've never been more motivated.
