We're going to fence our 7 duplexes (and fencing the 8th one out) with a gate and create somewhat of a special interest compound/community, which will allow us to get higher rents than are normal in this low-income area. 

This will compound as I increase my savings and have cash to bring to the table as well.3) Volunteer to be a part of and involved in as many transactions as possible at the company. 4) When I get my license, make sure to get involved in the community and let everyone around me know who I am and what I do, and hustle for opportunities that come in my free time.5) Stay consistently involved in the industry and loyal to the folks that are key to my success and getting me started forever.

The compounded return after you cover the lost rent and turnover expense, will be very worth the pain now for a much better cash flow in 8-12 months.Good luck and happy new year!

Then he started explaining about compound interest and the power it has.Ever since that day, I've been working to get to my first million.

It may not stink too badly at first, but as you scale it becomes a compounding probability and it can really be a doldrum. 

Put it somewhere, let it grow, take advantage of compounding interest. 

In our case, we consistently reinvested those returns to take advantage of the compounding, instead of adjusting our lifestyle.

It's also worth noting that IRR is NOT equal to a Compound Annual Growth Rate (CAGR).

At your age, the power of compound interest will just keep it growing. 

However, you will present them with option 2, in which they will carry the note for 30yrs, at 6% compound interest, with no down payment, the number will look like this:You will pay them $599.55/month for 30 yrs.