with this approach you would double your money in under 7 years and if things did not work out as anticipated you would have more than enough income to pay borrowing costs.Appreciation in these markets would be a bonus , you make your money on the rental.

I have also paid bonuses, the other end of any penalty.

Generally that comes with hands on experience, but it could come with your cousin if he going to be generous with his time and guidance.

My goal is to be holding about 5M in real estate that will get paid off in the next 15-25 years.If it cash flows any time before that, I will look at that as a bonus.

I would just hire him as a project manager and perhaps do a bonus for good work.

Everyone around me is being supportive which is a huge bonus and is very well needed!

People here are putting out the effort to find properties that will either give higher appreciation than that and/or generate generous cash flow to give them higher than average total returns.

I offered $70K with $20K in earnest money, no contingencies, quick close and even offered the listing agent my commission with $1000 bonus (yeah, I really wanted the property).I didn't get it.

We gave him a bonus at the end.

Instead, I write an early payment bonus.