My wife and I generate a decent amount of income without having accrued much debt. 

The cause of action in such cases shall accrue when such services are rendered as shown from the date on the survey or plat.

I've thought about getting involved in real estate several times and I've known in the back of my mind for a while that they only way I was ever going to accrue real wealth, or financial freedom, was going to be through real estate. 

So he was going to refinance and take the 50k worth of equity he had accrued and use that 50k to purchase rental properties.He said that with the refinancing and having a better interest rate that his payments wouldn’t change so month to month on his current house would remain the same mortgage payment.My question to everyone is, is that a wise investment strategy in the long run, because it seems to work out in the short term with being able to purchase rental properties that you would possibly generate monthly income as well as equity from those properties.

They must provide advanced notification, to avoid the late fee, and interest continues to accrue during their "vacation". 

You have to think about your tax bill from a sale You might be better off moving back into the condo to get your 2 out of 5 year exclusion and pay no taxes on a sale. i would let the condo run its course and accrue as much appreciation and equity year after year then  you can use a home equity loan or your own cash  or combo for a future deal. 

Make sure you contact the attorney doing the foreclosure and/or the lender since you will not only have to bring the mortgage current but also pay late fees, accrued interest, legal fees, etc... 2) I think this particular property would rent for approximately $1100/ month.

Sounds very strange that you had to pay for a referral - If you are working with a professional(Paid relationship), it should be assumed that you have access to his/her network.The question now is do you get any of the referral fees, fees that you paid the accountant thus far reimbursed since he is not living up to his end.You should consider filing as soon as possible as any interest / penalties are accrueing if there is any payment due with the return.best of luck

At this point you'll need to pay back a fixed percentage of the principal balance (often 1%) each month along with the interest accrued.

Since your initial investment is technically debt (HELOC), it would be nice to have some balance of that paid off, rather than accruing interest.