Make sure you invest the time before you invest to do your homework (i.e. listen to podcasts, search the forums, run your own comps, analyze deals on the market and follow them through to closing to start to understand trends) Investing will not be an immediate payday starting out.

Sounds a bit like your agent is not looking out for your best interests and only concerned with a pay day.

I'm a self-employed handyman/remodeler whose been working way too hard for too long on making others the big payday, and I'd like to flip the script (pun intended). 

@Ned Carey  so your % return is 1000 to 2000%  not a bad pay day :)

You want long term capital gains, plus having lots of rentals has many benefits (just sell a few for LO/C4D and you'll have pay days every year or so).

PAYDAY for him!

Your massive cash flow payday will come.

At the end, its like a pay day when the debt is all gone.

Give the owner $5K to do the deal...as long as there is $50K or more in equity then you can get a nice payday in 60-90 days or so!

All I had to do was clean up a big mess to earn some excellent paydays over the next 20+ years of ownership.This is the main reason I coach investors to learn landlording rules and how the laws work.