Maybe start a REI business on paper and then when you are ready, plug in real numbers into your mock formulas.

@Michael Trinsey - Do you have any other paper assets? 

Offer the note for as a down payment on the real estate you desire to own.same as #3, but ask the seller to take back some paper also (if not all of it) this is called "papering out"create a note again on one of your equities - sell the note for a cash discountmake an offer on the property you want subject to a 1031 exchange or subject to an outright sale of another propertyoffer one of your properties for sale with a deep discount (you'll have lots of interest) with an option to buy back in a few years (you get cash and have an option to buy your property back - buyer has your property and cash flow for a period of time plus a great yield on his investment)borrow on your home - use the proceed for cash flow real estatedon't buy - C O N T R O L  the property you want with a skinny contract of sale - with the right to market and possession if it is vacant (do a little work and improvements) offer it for sale at price that will give you a nice profit  - assign your contract for a profit.

Doesn't look like there's a lot of competition on this home, which is also kinda worrisome since on paper it does seem like a good deal to me (a self-admitted newbie) - I figure there'd be some more eyes on it.What are your thoughts on the location, if any @Wayne Brooks? 

Looking on paper, and compared to Austin, there are some what appears to be screaming deals on multi-family and even  SFH in the Killeen area.  

I was looking at a house for sale that needs a lot of work writing notes about each room and repairs needed on a piece of paper.

Nothing worse than a bad review about a dirty house.Stock the kitchen with pots, pans, glasses etc and at least basic seasonings.I provide paper products (paper towels, T.P. ect) I also provide coffee pot, filters and coffee.As you start getting reviews your listing will show up closer to the top and that will help you get more bookings and reviews.

Originally we thought they were just the debt collector but they served him papers for a judicial forclosure claiming he owed them almost double what was remaining on his principal due to back taxes and home insurance payments that I highly doubt they have been paying.

first position is always best... and fractionalized mortgage interest or DOT interest are legal in many states.. in many states like Oregon for example its not legal to have multiple beneficiaries.. without doing a real estate paper offering ( mini PPM).. 

But if you both go in on all deals together on paper, you're capped at 10 between the two of you, and then you have to start using sub-optimal financing.If you get the primary residence in just Spouse A's name, often Spouse B can qualify for investment property financing regardless of Spouse B's day-job income, provided it cashflows and the down payment funds are seasoned in an account with Spouse B's name on it.