for two reasons.you have a good amount of inventory to wholesale as you have burnt out landlords and you have old homeowners who want out of the neighborhood because it has turned from owner occupied to rentals.. some areas its just not a very feasible business to try to start.also its MUCH harder than the internet makes it seem and you do need money.. unless you happen to know a lot of folks with distressed real estate like through your church or family or what have you.. its sales and marketing business..

I am not sure if it is a smart decision to use part of the $40,000 to pay off that car and just put the payments into the new mortagage for the next 10 or 15 years or just continue to make the car payment and use that total amount of money im getting for the down payment for my next 1 or 2 investments.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I work full time I’m only off on weekends and I have the kids 7 days a week so I’m trying to find ways that I can get funding with my minimal amount of free timen@Vick Galuundefined

Why would you pay the tenant a refund, are you paying the same amount the new tenant will pay?

Duplexes can be build for around $85-100/ft2, assuming middle grade finishes, this does not include land or soft costs.  3-4 unit building would be a decent amount more on a $/ft2 basis due to the use of different code and the increased fire & safety systems. 

Total loan amount including closing costs was $318,313.

He told me never to pay off a property and only keep smaller amounts of money in the bank and keep acquiring.

Sounds like he is somewhat successful, but it could be because of the amount of people paying $997 to sign up plus $97/month coaching fee (not sure if the cost is still the same from what was said 10 years ago) https://www.biggerpockets.com/...

For the amount you are paying, you shouldn't have to manage your manager.