If the property is turnkey i.e. fully rehebbed with all major items like roof, plumbimg, electrical and mechanicals etc. updated you may need very little cash reserves at least initially for a few yrs so you mighe be ok.Having said that I would recommed having some cash as reserves or have way to pay for things in case if something comes up with the rental or in your personal life for that matter.

Goal:Retire on cash flow of $75k/yr from 7 free-and-clear duplex'sAcquisition Plan:Each duplex will meet the following criteria: market value = $180k acquired at 10% discount ($162k)  with a conventional loan and 20% down ($32,400) @5% fixed rate over 30 yrs ($696/mo).

I’m jumping back in to RE after 7 yrs out and looking to meet likeminded Multi family & flip investors.

Can anyone point to the biggerpockets live podcast Paul Moore is referring to when he describes a calculation of turning 100k into several millions in 30 yrs. a specific podcast and time during the podcast would be helpful.

This guy got 3 yrs 10 mos Most of the payments to buyers were made out of escrow and were often paid through intermediaries, originating in Kovalev's bank account.

The best one we had was an older woman still driving school buses @ 67 yrs old because her 1st two husbands took everything.Can't imagine how she got licensed to drive a school because we would have EMT calls 2x month at the rental for her diabetic issues.

Granted, the past is no predictor of the future, but over a long enough time window (10 yrs?)

One tenant has been there for 20 yrs, and my aunt has barely raised rents in all that time....last time she did it was $10!   

I am 22 yrs old and  actively trying to expand my knowledge in Real Estate Investing.

you can  always  make extra  prin payments to have the  loan  paid off in 15 yrs  ( or any other length of time )