So once you’ve got a firm grasp of the basics start looking for a deal and running the numbers.

As such I created The Ultimate Guide to Grading Cleveland Neighborhoods so out of state investors can get a firm grasp on the Cleveland market.Knowing the pros and cons of each type of neighborhood is very important.

But since that wouldn't 'pay it off' in full, he couldn't quite grasp.   

Consider handing him a book like "Set For Life" from the BP bookstore to ensure he has a strong grasp on the value of remaining debt-free.

With that info all you've got to do is figure out how old the roof is & you have a pretty solid grasp of how much & when you need to spend money on it.Same thing with a furnace.

So, now I’m reading cash flow and rental books and getting a grasp.

I'll have to check into that a little more diligently and try and get a better grasp on it.

I’m trying to get a grasp on if it’s worth pulling a LOC on the rental as a means to use as potential down payment on any deals I find or would it be better to sell it outright pocket the cash before I have to pay capitol gains.If I rent my current place I can cash flow 300-400 a month after total monthly expenses.

@Patrick RyanMost of the BP tax pros have a good grasp on state issues.In your case, you'll also want to consult with an attorney if you haven't done so already.

Gotta love great timing and intuition.Let me just say this first off, financial independence through real estate is within your grasp.