But the tax base is now $1,000,000 so you will get a supplemental for the 2016-2017 tax year. 

My goal is to build supplemental income and at this early stage I'm more concern about getting as much information as I can before choosing a direction.I would like to focus on residential real estate, single family, maybe start with a small flip.. then see how that goes.

However, I want to find and meet a seasoned, 'freestyle' developer, to use as a mentor for supplementing my acedemia world experience. 

Thank you everyone for the great advice so far.At this point, my goal with property investment is to supplement my primary income, not necessarily to completely replace it as my main source of income.

It's now valued at 700k(post bubble burst), paid off, and he rents it out for 3100 a month, a nice additional supplemental income.

My RE goal is cash flow to supplement our income so that spouse can maximize her 401k contributions.

My question is:  does anybody have any experience with a supplemental loan such as this?  

When it’s all said and done I’m just a W2 worker that is trying to get 5-6 properties to supplement my 401k in retirement.

In finance, leverage (or gearing) is borrowing money to supplement existing funds for investment in such a way that the potential positive or negative outcome is magnified and/or enhanced.

I am getting Rich Dad, poor Dad right now.What I meant by looking at REI as a retirement investment, was that we are thinking to have a couple of properties when we retire to supplement our 401Ks and such, when we retire at 60+yo Vs having a bunch of properties for monthly income.