Would like to have a "friend of a friend" renter so I have an idea of whom I'm getting.

I loved the idea of leveraging smaller deals to gain experience and scaling quickly to larger properties.

It's not a bad idea to use equity to pay off high interest debt but I wouldn't pull cash just to put it an account if you don't really need it for anything right now. 

Quote from @James Kiny: We are a welcoming group of investors -seasoned and prospective - looking to share ideas, talk over problems and celebrate successes of our group members.

However, you will need to find a seller that is willing to do this and it wouldn't be a bad idea to have a professional help guide you through this process.

No idea who regulates a crowd funded venture...isn't that idea that many, many people put in a little bit of cash to create a large pool?

Hi Edward, I agree that investing in the out of state market may be a better idea in terms benefiting from potential cash flow at a more reasonable price. 

Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately. 

I love your first idea, but that won't work for my situation. 

My second suggestion is to change how divorce attorneys get compensated, which would be for the results and not how many billable hours they can rack up by making things more complicated and hostile than they need to be.That's all I had in terms of unrealistic ideas for today..