the amounts do.And if you do purchase less than what you sell or take some cash to follow the @Thomas S. philosophy and go to Tibet or on a cruise, you will only pay tax on that portion and will still defer the tax on the rest.

Some are only for owner occupied ( FHA)2. 15vs 30 is a matter of investment philosophy and your understanding of leverage and tolerance for debt. 

My main goal, at this point, is to connect with investors and join a team as an Agent in order to see different types of investment opportunities first hand so I can take that information and utilize it once I take the plunge myself.A little background about me -- I graduated from the University of Puget Sound in Tacoma, WA where I double majored in English and Philosophy with a focus on pre-law.

I am going with the philosophy of increasing rents and reducing the expenses to provide a value add to the property.  

I gave it some thought before when I was considering doubling in philosophy as well.

I can teach the book on the philosophy behind the close, lol...

Cardone's content is wonderful and I love his philosophies, but the bigger you go, I highly recommend having a larger cash reserve fund.

,My biggest take away from your post is that you could still turn it around - just be willing to "buy your time back" by paying a property manager and restructure your business to work that way.My philosophy tends to trigger a lot of 911 calls for sudden cardiac issues: I can always get more money.

However, this is not a forum for personal ethics and philosophy, this is a business forum for the specific business of real estate.

There's a big focus in that book on finding "your personal investing philosophy" and as I recall there are some key questions they recommend you ask yourself.