Then start putting that money away to start investing with.One great way to get some deals that aren't on the MLS is to contact all of the rentals and FSBO's on Zillow, Craigslist, in local classifieds and on local yard signs posted and ask if they have any interest in selling to you.Also:Create a Huge Birddog Team: Train everyone you know and meet how to spot a distressed or vacant property (ask me if you need tips on how to spot a distressed or vacant property).

Will HCAD re-classify as a triplex?

@Brian BurkeWhich class would 1950 to 1960 built be classified under?

In classifieds under legal notices look for "Notice of Petition to Administer Estate". 

Whenever I ask him why its not rented yet he says that this is normal for this neighborhood.The neighborhood isn't a warzone but I would classify it as a C neighborhood.

To classify as a bedroom you'd just need two areas of easement and a closet*.

Correct - there is no taxation of the cash-out amount, it is a loan, not classified as income

More lists you can work: FSBO, expired listings, search classified ads for rentals with phone numbers from distant area codes.

many of my friends classify me as 'rich' now. i think it helps that they are poor though...lol in all honesty, after working with people of all lifestyles and all networths, i don't think you will really 'know'. if you notice, those that do have the money and that we may deem to be rich, still want more and more. call it gluttony if u will, but i think their mindset is dead-on!

The editor of the newspaper who is a different neighbor-I see under the classified ads a picture of my porch and my live plants that she used in her newspaper without asking.