The people who are typically buying cash and refinancing after are adding value to the property through rehab.This way when they refinance based on the new ARV they can pull out all or most of their original cash to repeat.This is known as the BRRRR strategy here on the forums and there are countless posts and information about it.

There are countless ways you can transition out of the service into the main or support realms of RE.  

If it were me, having done countless multifamily transactions, I would find a C class property where you can add value. 

But as someone trying to get into, for example, programming or IT, or any countless trades, I would ask them to revisit the possibility of self education and gaining experience through internships/after hour activities, similar to what another person said above.

I have never involved the bank that has the loan of the property I've taken over and I've done countless Subject Tos over the last 25 years.Banks will not call Subject Tos until interest rates hit 7% or 8%, they're not likely to call even at that rate and that isn't going to happen anytime soon. 

LTV - I’m indifferent on having equity, however, if I would of originated the note I would of looked to have at least a few thousand dollars as a DP for the homeowner to have some skin in the gameRate - 8 - 12%Term - Longer than 15 years and at time of acquisition no more than half of the way throughAs-is Value - greater than 50kMortgage PMT - greater than $400/monthLocation - In a populated city of 20,000 people or greater along with strong economics. 

There are countless stories of people starting at even younger ages and becoming financially independent in a matter of 5-10 years.It is harder as you get older, only because of mindset limitations.

following up on my previous posts- i am looking to find a new mortgage lender. it seems everyone tells me that i cant find anything considering the amount of money I have saved for my first house, which i will be house hacking ( I have about 13,000 saved up). it frustrates me because ive read countless stories of people getting started with less that what i have currently.My mortgage broker that i am working with is very unresponsive, and doesnt seem to be putting much effort into working with me. he claims to have worked with investors, however he keeps pushing me away from house hacking because ( you cant claim that income on taxes).In short, i am looking for a local broker who actually has experience in working with investors!

Countless times, over the course of my 23 years in this business, I’ve seen people new to the business performing detailed analysis on certain notes that are never going to work. .. a total waste of time.

I've listened to over 200 BP episodes since 2015, and countless other business and marketing podcasts.