Initial deal structure: Syndication with one LP class, Fannie Mae Loan Assumption, Supplemental Loan, Two LLCs - Manager LLC & Fund LLC (GP class & LP class)Some of the milestones:August 2020 - 68 unit LOI accepted and PSA negotiation started.

Or is RE just a supplement?

If you really really want to start something else, look into a business that is supplemental to what you are already doing in real estate.

We plan for rental property income to supplement our normal retirement and then just want to leave a nice inheritance to our kids. 

I’m trying to supplement my income and if I can find a partner who has knowledge and is willing to help me out then even better.

Also, I keep a HELOC on my personal residence that I can use to supplement my savings.

I am not willing to do do out-of-state REI until I am more comfortable with doing it locally.My short-term REI goal is to bring home an additional $2,000 net income per month to supplement my W2 income, and long-term my goal is to generate substantially more than that :) Excited to be part of this community and learn from all of you! 

@Andreas Prechtl if the overall deal makes sense and the numbers are solid, the Seller will need to reduce the asking price so the deal pencils for you.Depending on the debt, you might be able to do a supplemental meaning you will increase your leverage to get some of your cashback after you own the deal for a period of time.Good luck

You might want supplemental small electric wall heaters or baseboards in bedrooms (if they will be closed off from the main heated area), and I've been able to get away with just electric heat mat under tile floors for heating the bathroom in these situations as well. 

Being a successful Real Estate Agent is a BUSINESS - so it takes a certain approach to be successful at a high level.Now you can also supplement your transactional agent income by doing things like BPO's, Owning / Managing Rental Properties, and even (with certain agencies) by recruiting other agents.