And will rent for 800/mo.So here are you numbers as I see it.Your loan requires a nominal 15% down so 22,500 for the 2 unit duplex.

That is one of the benefits to belonging to large groups, with the downside that there is a nominal annual membership fee for both of those groups.  

I nominate Ben Leybovich I hear he is looking for work.

(free or nominal) Also consider joining your local Chamber of Commerce.

I only listen to him for mainly inspiration for nominal fees of 99 cents per month on his radio program or play his cash flow game online for free.I have read his books as well and see value in them.

In your scenario, the author in year 10 would make $25k (plus nominal inflation-adjusted interest) and the cash reserves would be lower than in year 9 by $75k.

Attornies dont go to closings here unless your talking about some major multi million dollar complex deal.. you can buy approved Earnest money agreements at the store.. and or use the state of washington forms if you can get a realtor to give you a copy.. you I guess if you want to blow thousands could have one made for you by an attorney.. but again simply not common or done in our neck of the woods.. save your money for finding deals thats where the money should be spent.. you simply take your deal to a title company and for a nominal fee they will do the rest.. 

@Tom Gimer Virginia does not levy a state gift tax on transfer and we don't know what type of entity he set up so transfer tax to county/state might have been nominal.

We have inflation, so debt devaluates and assets increase nominally, this creates equity out of thin air just by waiting instead of a huge remodel project. 

.- Assuming a $200k house with 20% down and $200/mo cashflow,  - If you throw cashflow at mortgage every month, you will pay it off in 20.5 yrs as opposed to 30  - You definitely increase net worth faster by doing this (an extra $3,948 at year 10, which is pretty small, but still something compared to the total $24,000 cash you would have saved over the course of 10yrs at $200/mo)  - You hit $80k in equity at 6yrs 5mo as opposed to 6yrs 8mo    - this is the real advantage because it allows you to acquire another property faster, but there is a very small difference here- Overall, I would say following about this strategy:  - only do it if you are confident that low-interest fixed-loans will be available 6-10yrs down the road when you would be looking to refi    - would be a shame to lose that advantage for the small extra advantage of paying down mortgage over that time period  - this still seems like a no-risk, no-tax savings account or bond    - instead of parking extra income (from job or whatever) at bank with minimal returns while waiting to buy another property, "invest the money in your mortgage" by paying it down   - I suspect this strategy might start to look better if you had an extra $1-2k/mo from job to put into this to really supercharge equity which is what David was talking about in book, but I'd have to crunch numbers more           - of course, have to make sure that refi closing costs won't wipe out any gains, and you don't risk losing a low rate fixed loan as @Robert Purcell said    - also, I suspect that nominal stock market returns of 7-10%/yr would outperform this (even with capital gains) because the money will be invested for 6yrs before pulling out for a new down payment (which means long-term capital gains as opposed to short-term and you have a better chance to smooth out stock market cycles so portfolio doesn't crash when you want to liquidate and use it as a down payment for property), but I'd have to crunch numbers more- Interesting idea to tune results, but I don't think I'll use it any time soon.