One problem with this thinking is that the house is 'under water' right out of the gate.

Hi All,I am planning to buy a home in Bayonne,NJ.It has a drive way on right hand side that looks shared, it's neigbouring(R.H.S) property also has a narrow driveway on RHS.also both properties has backyard together with no physical boundries, also garages in the backyard, I came to know that earlier there was only one owner for both propertiesRealtor told me that drive way is not shared, but current owner has allowed neighbour to use driveway for his easyness, and neighbour uses that driveway to put stuff in his garage that he uses as store.Just wondering how I can find out if driveway is shared or not, or "easyness" is neighbours right or not.For privacy reasons, if I buy that home I would like to partition it and put a gate on driveway enterance.

Don't expect to be busting out of the gates with buyers and sellers contacting you though.

I would say that generally; getting your license will allow you to plant your feet in the real estate profession much more firmly out of the gate.

Hello BP,In the spirit of Robert Kiyosaki's definition of an asset being something you own that generates you money, I've been thinking about making a move which would entail selling my 2+ acre lot in a beautiful hill country gated community ( dancingbearliving <dot> com ) and taking the proceeds from that to pay down my primary residence much faster (I own the land outright, fully paid for, have deed, title, etc...)I define the land as a liability because it's not generating income for me; rather it is costing me in annual taxes.  

My question, out of the gates, is how to finance two separate properties, ideally on the same loan and whether we should have an LLC?

Then again, the townhome HOA fees may be larger if they have amenities such as pools, playgrounds, community gates, security guards, etc... 

This is a small gated community with very reliable tenant base.

Bill Gates started at a garage.

Accept that fact right out of the gate.