So, in your example it might be at 9% interest rate which would make the weighted average HIGHER than taking out a mortgage at today's interest rates because the 2nd mortgage would be 3x as much as the 1st mortgage. 2.

We love North Carolina but we're 20 years from the retirement dream. 

I am a mother of 2 and trying to get into this to save up college funds for them when they grow up so that they too can chase their dreams in life.

As many have said the status of the relationship between GC and owner will carry a lot of weight in terms payment terms.

My portfolio is heavily weighted towards real estate, largely because of California appreciation.

If your investment dream does not workout, your risk is lower due to the size and cost of your investment.

My husband and I are Teachers and Nurses but dream of supplementing our W2 jobs with passive/investment income. 

People selling dreams really, not so much anything usable. 

This sounds like it might be a pipe dream based on everything I'm reading about restrictions directly in St.

Consider starting with a smaller, more affordable multifamily to keep your mortgage low and cash flow positive—even if it’s not your dream property.