If your numbers are correct you will not see any profit until year 5. if it was appreciating 10% per year you could play the appreciation game, but still out the 1k per month.

I would not jump through hoops in order to play the bank's game.

I will play the "just another tenant" role.

I'm not looking to get rich quick, although I still play the lotto occassionally, but I am looking for some realistic advice on how to get my toe in the door and start working toward my two goals.Thanks to everyone in advance for any advice, tidbits or willingness to sit down and have a cup of coffee and share your knowledge.

I'm in my mid-30's, work full time as an engineer, and I am married with 4 kids.My goal right now is just to learn how to play the real estate "game", and try to figure out which deals make the most sense to me and my family.

Because that's the play the Att wants is for me to buy it cash at a steep discount and take on the risk of the guy carrying the note coming back with litigation. 

I don't get why people have to always play the victim when it was themselves that didn't do the homework.No one pointed a gun to have the person sell it at a lower price.

I do play the pod cast and stuff when we are in the care (even though she hates pod cast)  hoping it will rub off on her. 

So to go back to this cancel rent and live like socialist you need to play the game like the banks.

I'm paying high rents and I believe transitioning to home ownership could be a better long-term play. The