I am strongly considering starting my career as a mortgage consultant to learn applicable skills that will teach me about that part of the real estate investing industry while building relationships with many key players that will help with my business.

You mean there are not magical private lenders out there handing out cash to strangers for 5-6% interest because it is better than they were getting on a CD?  

I would only recommend doing it on a fixer upper where the players have cash and waive appraisals, etc. 

There are a good number of meet ups and networking events in the area where you could meet other investors, agents, lawyers, etc. and get to know the other players in the area.

I would really appreciate it if you could provide some insight with regards to the following scenario.In year one GP has 20% equity and Limited Partners A,B,C,D have the following interest in the property's equity.A: 20%B: 20%C: 30%D: 10%If the operating agreement states that after payback of principal the equity split will convert into 50/50 would the Limited Partner's individual interest compress equally?

Hello AllI have been looking into investing in the Philly market and a deal came across me from a agent, here it is:N. 12 th street, philly --neighborhood C/D classpurchase cost:  $85k  Taxes: $1190.00/year  Water: $60/month2 tenants in place been there for 3 years : Total rents : $1475.00/monthYour feedback would be great!  

I would like to have property management i both cases.Taxes in Lehigh: $2600/yr-no tenants, property has been completely remodeled, new roof, new boiler, new piping.taxes in Philly: $1200/yr- the philly is in C/D class neighborhood, tenants on housing assistance, theyve been there for 3 years, property is very well kept.

I would rather take the 1% in class A with zero vacancy, then class C/D with 15%+ vacancy and have to deal with substandard tenants.

So in my opinion why go to A, B, C, D if your goal is to go to "Y".Julian, it's obvious that you are a very very intelligent person that is very very driven....  

Some communities don't have any C, D, F grade housing, so if you are investing in those areas you are probably going to work on an altered scale.