@Roy N.Indeed, those were some horrendous times to try and borrow money - although if you were cash rich and wanted to buy bonds I guess you were pretty darn happy :-)It's a healthy reminder to be conservative when projecting and to not over extend!

If it has a balloon payment, you may have to either re-finance or you may be able to request a renewal/adjustment at that time.If my assumptions are correct, you don't necessarily HAVE to pay it off completely by the end of year 10, you just have to do SOMETHING by the end of year 10.Please clarify your post a bit.As to term, I generally run at a 15 or 20 year amortization and buy at aggressive prices to help keep cash flow healthy.

An inquiry won't hurt you too bad if your overall credit is healthy.  

I believe a healthy dose of motivation is an important part of anyone's diet so If anyone has any success stories, specific real estate related memories or moments that stand out, or any general words of encouragement to help get me fired up please share! 

I believe that I can take everything I have been building towards and the support of BP and achieve my dreams of establishing a healthy passive income in real estate by the age of 25, so I never have to work again - I can chose to work and enjoy my life and its offerings.  

We are aiming for 20 doors for a healthy retirement and to be able to afford to hire out more of the maintenance work and turnover work. 

A healthy marketing channel (to me) should return $3 for every dollar spent. 

I'm aware condos won't appreciate that much, but for me it would be mainly just a place to settle down so as long as the prices remain steady I'm good.My other option is to invest into a couple of less expensive places in a city with a healthy rental market and just live abroad for a year or two.  

Leasing is usually slow in the winter months and picks up in the Spring and Fall.Lastly, do not forget to include a healthy marketing budget.

And do they also list the ALL the properties that they have bought, including ones that may not have shown a healthy return, or haven't sold yet (so you can follow the individual ongoing progress)?