It's not as bad as it could be, but this family has definitely accumulated items for quite some time and the hallways/rooms are filling/filled up.

Earn some money at your job (and get some experience), pay down debt (if you have any) and then with some accumulated savings, buy a fixer property, fix it up in your spare time and get it rented.

Then once this whole thing blows over, I will give them a period of time to accumulate their deposit back up again.Hope this helps.

3) Do the tack the missed payments on to the end of the loan with additional accumulated interest?

That you could reinvest all profits from cash flow at 2%.This number is high for a savings account but doesn’t account for using the accumulated cash flow to buy more properties, but that is a super hard model to make and I’m not that smart. 2.

Accumulate $50,000 as fast as you can in the account.4) Read the "Education" links at the top of this site (when you are not working).

Please tell me how EXACTLY someone can buy and accumulate real estate non-stop and pay no taxes due to deductions.

Nice guy accumulating properties for family members!!  

I know there are always good deals, but in this hot market my strategy has been to flip and build and accumulate cash and wait on the downturn.

Basically, you collect a down payment , and the buyer promises to pay you the rest in the future, once he accumulates cash or secures a loan.