Obtain our first (hopefully of many) rental property (~$120k) on the way to generating some long-term cash flow.The foremost question on my mind is what to do with our current house.

Third, if you do manage to achieve a milestone, say a Judgement of FCL, then I would tell you that your mind is lost if you would rather sell the loan at a discount instead of sending it to sale and either getting paid off or getting the REO to sell, lease or whatever, since well, you and the asset are here at that point.

@Mindy Jensen that is the weigh I find out how to do most of the things I do not understand.

So in my mind i am thinking to become a part of the title chain.

If it were me, I would fix that problem.The other thing to keep in mind is that even with small multis, cash flow does matter in terms of valuation.

Hi Nadia P.The ROI is lower with all cash purchases, but my peace of mind is much higher with free and clear rental properties.

Those are good questions to keep in mind. I

Your mind is the greatest asset and tool that you will ever have.  

I signed up and began reading the starter section and enjoyed it very much so far.I am currently self employed and doing well however my mind is always thinking of doing something bigger that can yield higher financial rewards to help me achieve some lofty goals I have set upon myself.  

Main you need to keep in mind is that Realtor's want to get paid and anything they feel that can take away from that they are hesitant to participate in.