Banks review your escrow expenses yearly (usually anniversary date of loan inception) and adjust the amount to cover escrow expenses.

On the other hand, a person with a 1MM luxury / super car (depreciating asset, unless it's a classic an/or a celebrity UBER driver) as his/her only asset (owns free and clear) by definition they would be a millionaire while the leveraged property owner would not be...

I'm ready to learn from you all, share my progress in my goal, and hopefully celebrate good news in the future. 

Celebrate.

State policy seemed to celebrate wealth creation, rather than confiscate it.  

And thanks for the reply @Dawn Brenengen I listened to the podcast today and I feel like I'm talking to a celebrity.

Well my wife just told me it time to get ready for the New Years celebration so it's time to stop doodling.

Sounds like you made your 2014 goal right at the last minute ;)I closed my owner-occ 4plex on Dec 31, 2012, so we have one property anniversary together!

(I've a wife and 3 kids now and our needs are different; if I'd have known better, I 100% would have done the fourplex hack)Once you've bought your house, moved in, and celebrated, then focus on getting the rental.

@Evan Manship - Congrats - take some time to celebrate because the next step in the journey is about to start.