The key factor is the amount paid and the nature of the payment, not the payment method.

To have enough discretionary funds to be able to invest at this level means that even if a deal goes completely down the drain, I can still feed my family, tithe to my church, pay my bills, and try again later.I do appreciate the probing nature of your questions!

And I understand that it’s about applying yourself as well.Do you have any programs you’ve tried and had better a better experience? 

------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It’s all about putting in the effort to learn and apply the strategies.

They can claim business overhead expenses, and they must file 1099s.REPS determines whether the resulting losses can be applied against your W2 income or not.

I also assume a 3-4% yearly rent increase, which naturally increases the vacancy and repair amounts over time.

•After 3–6 months, apply for tier 2 business credit cards (e.g., Capital One Spark, Chase Ink).

Eventually it becomes second nature.

These requirements will apply even if you do not have a formal written lease agreement.