You won't get rich overnight but you can certainly start to snowball a portfolio and build wealth slowly over the long term.  

Im happy to scan a few over to you if you like you could use as examples. 

I've been digging into that over the last few weeks a little closer.   

Great you take over a loan but why?

Times are changing somewhat though, so maybe over time if they are not supportive now, they will be at some point in the future. 

After a few years, you can rent it out and do it all over again.

In this post, I will explain the criteria and the information sources.Income requirements for financial independence:Rents increase faster than inflation: Inflation erodes the value of money over time, causing prices for goods and services to rise.

But this is definitely a CPA question because the IRS rules are based on your AGI and phase out if your AGI is over $100k.

They will usually want to see you have the capital for closing costs and some "reserves", meaning they want you to have a few months left over to cover any surprises.

Anyone over 18 fills out has to furnish their social security and driver's license numbers, and pays a fee for a credit / background check.