zero leverage. nothing feels better than streams of long term income with no bills to pay. leverage might get you more properties but nothing beats opening the mailbox and getting a check versus a bill...

I am living very very cheaply so much so that people do not believe me less then 800 a month total and all no bills after that 10k a year and I'm clear all the rest is investing and saving money she has no bills because she lives with family we will be a one car home when we buy to save on that and it will be a little more expensive but shouldn't shift all yo much.Would you say it's worth it to keep this momentum up in savings to buy the condo just to upright sell it. as of now return is important yes but I want to conserve my momentous savings first and foremost and solidify it so I can have a great catalist for future investments

If you start with a solid plan when you are 18, then it is extremely possible that you will be financially independent by the time you turn 30, if not sooner.My advise would be to get a job now and save whatever money you can while you still live at home and have no bills. 

It's a pretty big leap going from living with parents and no bills to buying a multifamily unit.

.- The third home has a first with Countrywide and a second through Saxon.

I've moved a decent amount in the last few years and have never been able to buy before now. I'll be finishing my MBA and settling down in the Midwest and want to know what the best REI strategy to pursue would be? ...

This tenant/buyer is too much risk, we all go through hard times so unless this was all in the past during a troubled period in their lives and had a good history before and after or since have no bills and stable income it is too much risk.However to protect yourself you could always get a larger deposit to cover payments if they don't pay, make sure you check your local laws first.There are 25 million people in the United States who want to buy a home but don't qualify for financing so don't jump at the first opportunity unless it makes sense.

They had the money to live like the nobility of Europe, but they didn’t want to pay pre-tax for it.

so i have a good realtor friend that just called me to discuss some frustration he has experienced with saxon mortgage.

My credit is a 784.No bills besides phone and food so my DTI ratio is great.