Without it real estate will be almost impossible to get into and if you do get into it somehow it could drag you down even further with even one bad deal.

By giving him equity, you make it nearly impossible to fire him should things go south -- i.e., he doesn't do a good job, he's slow, the market turns and he goes out of business, he moves out of town, he gets hit by a bus, etc. 

@Colton C.Here are a couple thoughts for youSanta Cruz is an expensive place to live, and deals are hard but not impossible to find.

And to find a single family that cash flows as a LTR is next to impossible.

The future is almost impossible to predict and your equity growth could stop anytime. 

you don't unless you find a unicorn...someone that is going to pony up the $$ and let you be part of the deal for some reason because you bring something to the table that they can't.So it can be done....... not impossible..... but rare.If you don't have the $$ to start....advertisements.....down payments....etc etc..... then you don't have the $$ for inspections....closings....reserves for Cap Ex etc etc etc etc etc......

To me it is going to most likely be next to impossible for you to do what you want to do unless you are willing to live on VERY little BUT if I was to advise someone trying to do this I would say FLIP as fast s you can until you build up enough to buy multi families Or start and run a successful business The chance of the business failing is huge.

it's nearly impossible to analyze any $6,000 deal...your numbers are going to be way inflated....that's why your CoC is 400%...and capitalizing any property with less than 5 units is really foolish..not sure why BP has this in their calculator...anyway, if your income is correct, this is ridiculous for cash flow, but an ARV of $25,000?...

It’s impossible to know without the numbers.The other thing I’d be asking is what kind of reserves you have.

The wholesalers we are working with tend to be new which is great because they are working their butts off to find us what we are looking for but at the same time we have to do extra due diligence since the ARVs and repair estimates can be off as well as ensuring the location is what they say it is.It seemed impossible in the beginning but it's getting more real every day.