Cash flow is nice and all but I am realizing that true wealth is built in equity!

The true key to success in real estate investing is mastering the markets you know best.

It worked beautifully. 

The reason the GFC happened was there were all these people with mortgages that reset after a few years and they could not support the true mortgage payments.

The clause will likely cover even things you state about them that are true.

Very true, you make your money when you buy and that formula is dependent upon your search abilities, how big of a net you cast to find opportunities, your negotiating skills, your ability to identify great locations (often near good schools), and your ability to transform the property.

The last time I saw a structure like this, it ended up being a scam from a very well known real estate mogul...Be careful, if it sounds to be good to be true, it probably is...Cheers!

That is true with ALL places. 

This probably especially true when a home purchase for most people will be one of the biggest investments they will make.

TLDR:  "Great Deal" was a money pit ... an absolute nightmare.  Almost every problem you can think of happened.....So there I was, a seasoned real estate amateur.  I say amateur, because although I have had multiple S...