I'm looking forward to making this a successful and rewarding (ad)venture!

If you want to work that much and be rewarded, then go into Sales.

Perfect for sub2, lease option assignments, contract for deed, and wrap around mortgage for acquisition .Mentoring is hard work for both the mentor and the mentoree but if you get the right match it can be rewarding.

It helped that I didn't have kids when I was making high-risk/high-reward investments.

After that set back, it's really rewarding to have been able to add another rental, and get back in the game instead of just talking about it.I'm sure I'm going to be learning lots this go around, especially with it being our first rehab.

:A 'ritual' gift to all children in our lives (ours, nieces/nephews, etc) over the past few years has been the Money Savvy Piggy Bank http://www.msgen.com/assembled/money_savvy_pig.html.The objective is to teach them the difference between "spending money", short term saving, donations, and long-term investment in their future.Robert RuizI grew-up in a family business (fishing) where both hardwork and innovation were rewarded.

Then once all partners got their capital and preference returned, any distributions should be disproportionate in your favor to reward you for the expertise and sweat equity.

There is no risk-free way to double your money. vegas, options, futures, and pretty much everyhting so far in this thread equates to the same thing. unless you are the next next Mark Zuckerberg, focus on balancing risk with reward and you'll be able to turn the 500K into a million over a period of years.

I'm not going to give the long story here but suffice it to say that risk reward is very real.

Economic aspects consider economic growth, direction, costs of redevelopment vs rewards.