It has inspired me to really pursue this big dream of acquiring wealth through real estate.

Welcome to BP Kelly you have come to the right place to make all your dreams a reality.

Obviously the "dream goal" would be to purchase a house outright and make pure profit off the tenant.

Hopefully I will get to see that dream through someday soon.

That would definintely be a dream to own something like that one day.

From www.personalliberty.com:Obama’s ‘Promise Zones’ Picked For Their Strategic Value To Democratic PartyJanuary 9, 2014 by Ben BullardPresident Barack Obama designated five areas Thursday as Economic Promise Zones: three in cities, one in rural Kentucky and one on the Choctaw Nation in Oklahoma – and nearly all of them offer Democrats stronger political inroads with resistant local voters.Obama described the ‘Zones as places where kids would, with the Federal government’s help, have the same opportunities to realize the American Dream as kids in more affluent parts of the country.

That wholesaling pipe dream.

If you want to get rid of that loan pay it off with the cash flow rather than have this pipe dream that some bank will want to refi a $20K loan.BTW if the idea is to get seller financing why do you think you have to have 30% down.

Always had the dream of being financially stable in my 40s/50s and have ventured out looking in stocks and whatnot, reading some books, etc.

One could only dream like you're suggesting, but no, again, no, what you're suggesting is not legal.