Originally posted by Gene Hacker:I know a couple investors that had working lines of credit in good standing that were closed in 2008/9.

Gene

Gene Trowbridge, a securities attorney, wrote a book on syndications.

I use Gene Dowell http://www.broadwaypropertyinspections.com/ he's fantastic.

My son has the genes but never had any interest in sports. 

Building passive income while learning the RE ropes and earning a fat paycheck as an EE is an awesome plan for financial success.    

I am planning to just have a very basic plan just incase we got hit by a bus...And a big fat bank account will help with your confidence.

We're seeing pricing vary drastically even just going 20 miles south of the city just because everyone is so "fat and happy" with work.

@Gene Hacker thank you so much for your response.

I'm thinking I can later cash-out refinance into a loan (possibly a VA loan) to finance another deal and wrap the new mortgage so as to keep the installment payments in place and avoid hitting my retiring family member with a big fat tax bill.