Does a lot of his work to cut down on costs and eventually went full time.You could also go the other way and pick up something full time during the summer and use those funds towards RE. 

Pick the right properties in the right locations.

You can pay a lot of a software... or you can do the following: - Assume you are handed $2.5M in cash in 10 years (pick your number). - Take a blank sheet of paper, and a pen/pencil. - Draw a big circle on the paper.

In a real world example, a guest got severely injured and the regular $100,000 coverage on the policy was not enough so the umbrella picked up the rest.

Now that you've picked out a market, I would start working on the next step.

I was hooked, and I haven't stopped learning and growing in this industry since picking it up a little over a year ago.

I think the strategy here is to actively pursue off market deals -- before I got my current deal, I was starting the grind of driving around, picking houses that looked like they may need help, pulling ownership records, and would have been mailing and/or calling to see if someone would sell.

You need to pick a strategy and a zip code in Charlotte to focus on because it’s very large.

The saturation does give me concern, as it will be hard to make sure the property stands out from others when it is so far away from home without significant time and effort to keep up on theming, not to mention that you are at the mercy of your management company for some of the placement.With respect to rates, I have no delusions that the rates will come down, the refi is more a protectionary measure to make sure that we do not end up upside down on a mortgage if we just pick an arbitrary number and say, put 40% down on the property at 8%.

However, the success of a multifamily syndication hinges on the strength and cohesion of the team behind it.