I would contend that the future is brighter in AZ vs.

Meanwhile up North we have this & it's a Nobel Prize contender if successful.

Cash is still king but it def helped make me a contender in a tight market. 

And since he is a lawyer he can represent himself so he doesn't have the issue of "billable hours" to contend with. 

Lastly, I would contend the morning starts the night before with preparing for the next day and getting to bed at a decent time.  

Well, I'd contend you could change the word "house" in DR quoted "List your debts, excluding the house, in order" to "houses" and still follow the fundamentals that DR preaches.

You may also have usury laws to contend with in your state depending on the type of property sole and transaction.Another matter related to interest is that a seller can not charge points, that is pre-paid interest and seller financing is an installment arrangement loaning equity based on a sale price, not cash.In serving your client's best interests, it is better to advise competent assistance by a professional, such as a CPA would in a legal matter.

Beyond the math, you need to contend with the realities of lending guidelines---title seasoning issues and or chain of title to be specific.

While it sounds amazing to have 20 doors rented out, you also have 20 different families to contend with, potentially several property managers, the tax returns and monitoring the cash flow and expenses, plus overhead of physically owning the real estate (mortgage, repairs etc).I wanted to have time and geographical freedom, which is something I feel most investors want - but it often gets covered up with "financial freedom".

Getting a HELOC will be difficult, plus you have to contend with how you will pay it off.