hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come. 

Of course, I had learned to play by the rules a little better by then. :)

The condo proceeds from the HELOC used as a down payment will not be taxed.The tax will come into play when the condo is sold.

It can also be used to track and pay mortgages, taxes, insurance, and other expenses.How to get it: The Empower app is available from the App Store for iOS devices or Google Play for Android devices.Cost: Free2.

Sure the million dollar suburbs are nice if you have that kind of money and are playing the larger appreciation game but dollar for dollar pound for pound when it comes down to rent to value ratio its difficult to find the same kind of cash on cash returns section 8 rental properties offer in Detroit.

Hey BP, I am currently playing my last year of baseball at the University of Memphis.

Having two solid paid off investments is more than enough, and I'd argue that it is even a better play for most people than continuing to scale and scale for the sake of scaling.  

You are WAY too eager to leave your job for investing when investing takes years to deliver a return comparable to your job unless you have a bank vault of money to play with.

I'm trying to wrap my head around working with investment capital long term, and there's also the potential for some seller financing from the building owners, and my cousin is on the board of a bank which could also come into play.

In your situation the OA is going to play a more substantial role because you have a partner.