My philosophy is to jump off a cliff and build the airplane on the way down, and with that being said i signed up with New Western with very little knowledge of real estate but since then and even since my initial post i have learned exponentially more about what i want to do and all of your posts have been great excluding the bashing.

If they too are investors and you have the same philosophy on stuff then it's more likely to happen.

Here is my philosophy: Don't gamble if you can not afford to lose.If my project does not get extend, if my working visa can't be renew to stay in the country, well give the bank the property which I already have some equity in it (buy it right thanks to my agent who helped me to negotiate it price down) & absolutely I don't die to see the down payment & closing cost down the drain.Building wealth automatically and getting paid to do it.

Russell Gray always says you first need to identify you're personal investment philosophy; then you need to identify a compelling market with growing demand drivers and become intimately familiar with that market and its customers; then you need to build a team on the ground; and finally you find a property.

@Ron Calloway if I were in your shoes I would do one of two things:1) 1031 exchange both properties into one large multi family building2) combine the two existing properties and a new third multifamily property into a portfolio loan and buy that new third property with zero money out of pocketMy philosophy (to some extent) at this stage in my investing career is "Equity is where money goes to die". 

This is more to give you things to consider as oppose to things to do.This is a real estate site so most if not all of us are very pro real estate and for good reason.My general philosophy looks something like this.Yes I have monies in IRA's but I'm not a very big fan of them.

My own philosophy and advice are along the lines of the book 'Millionaire Next Door'.

Mostly because I disagree with the entire higher education cost, loan-till-you-die, can never bankrupt, no underwriting necessary philosophy that our government uses to give itself its #1 asset on its balance sheet.

-What is your philosophy on modernizing kitchen and bathroom, while still conforming to the home?

@Jay HinrichsWow that was quick, hahaand you are right as usual, the price is higher then the comps. around $120K.A big no no from you I know, especially with your philosophy of what is the cake and what is the icing ;)Thought it might be a little different with Cash Purchases?