Dinners, important milestones (weddings, baby showers, housewarming parties), coffee and other meetings.

I had an acquaintance who purchased 11 mortgage notes between 2004 and 2007, reached a certain milestone in passive cash flow, closed his business, and intended to live off the interest while starting a real estate syndication operation.

The only reason I was considering the OZ route is because I was reading if I had the house for 5 years that's one of the OZ milestones in which I can reduce my tax burden?

As far as our personal strategy, I think we are going to strive to replace my income with our properties, then once we meet that milestone, reach out and partner.

Do the loan based on completing milestones increasing the equity-use a draw schedule.

If anybody would like to follow this and help keep me accountable, as I finish my goals detailed above, I will post updates, also when I develop new goals, milestones, etc.

Hi @Essien , Congratulations on your mile stone. 10 years ago I was in your shoes in Lynnwood, Trying to figure all of that out myself as well.

@Russell Brazil Congrats on this milestone. 

It means you will need money down for purchase (and closing costs) money to service the loan while you work towards your exit strategy, money to start the rehab until you at least the first draw (since our rehab is available at each milestone in arrears) and money for cost over-runs, miscalculations and when that exit strategy of yours doesn't quite pan out as optimistically as you hoped.Another thing that might be useful to do is to network and for instance line up someone who is experienced to perhaps look over your calculations.

A good free meal is great to show you appreciate their current work and effort, but do not expect it to completely change how much they’re getting done in a day.Setup a milestone payment schedule with clear bonuses that they can achieve if they beat those schedule milestones at the same level of quality.