However, you are illustrating my point.

@Nate O.From those of us who are just beginning to educate ourselves, practice deals and one day begin to build our portfolios, thank you for lending your experiences as inspiration, motivation, and an illustration of the focus it will take to reach for the things that you promise yourself and the goals you are diligent to achieve.

To illustrate, when I worked in a hospital in Sarasota FL, they needed travel nurses in the Winter to account for snowbirds, but not as many during the summer.Also, when I say I expect pay rates to drop, I don't mean seasonally.

However . . . in the short time I've invested I've already seen twists, turns, spikes, and lulls that have illustrated the many different advantageous exit opportunities we are likely to see over an investing career, so now I'd say that it seems likely that I'll trade into a larger or newer property at some point in the next 15-20 years, and I suppose if my loan product makes that advantageous then I'll simply build it into the plan.That said, paying them off and owning them outright works too!

🥴I think these illustrate the freedoms that some lenders have when they lend their own money.

--> I say all that to illustrate the collective positive power of the BP Nation :-).   

@Cody JensenI've told this story multiple times on Bigger Pockets but it always bears repeating because it illustrates a few important things about getting into this business.I didn't find my first rental property deal.

Don't analyze my numbers as pro forma, they are merely to illustrate some taxation rules.Year 1.

If you bought the property for $100k, then paid $15k for scrape, you're already in the deal at $555kThese are super general numbers, but hopefully help illustrate that if this person sold for just $100k, you might be getting pretty tight on your numbers.

I know there will be people that get on here and illustrate how they landed a big investor or hard money lender from those meet ups.