School teacher, she's a translator at St.

Any alteration or deviation from above specifications involving extra costs will be executed only upon written orders, and will become as extra charge over and above the estimate.

I'm not financially free, I don't see us ever leaving our jobs, because you need W-2 income to do bigger deals.That said, I'm not overworking myself, I'm not angling for the corner office, and I'm not worried about losing my job, because I'll find another one, and I could take a 50% paycut and it not alter my life, I couldn't buy more real estate every year(maybe just lowly value stuff).

Hi @Tyler Gebert,Either your mom is getting some poor mortgage advice, or some stuff is getting lost in translation here.Pull a little equity out of the current house.

Brian-  It is great that you are starting early, hopefully that translates into retiring early! 

@Russell Brazil is correct regarding losing the Section 121 capital gain exclusion by transferring to an LLCI do not agree with the other post that most LLCs can be pieced - it is very difficult and expensive to prove, in court, that an entity is the "alter-ego" of the individual owner.  

A new build should translate into higher cash flow for the first few years. 

Half of the info will translate the other half will be market specific.

Many commercial B/C class multifamily syndicators are delivering "double your money in 5 to 7 years" which roughly translates to 15% IRR.

Likewise, some lenders will not lend in Detroit (i.e. they will make the loan terms very unattractive) but will jump to lend in Metro Detroit... and I mean literally across the street from Mack, Alter, 8 Mile, etc.