I will retire and will get a % in retirement income- my base plans center on this concept...I know I will need to earn at least an equivalent income to maintain my lifestyle so my current pay minus the retirement pay becomes the target 'free and clear' number I am targeting to earn from rentals.2years: purchase rentals such as to meet the requirements above in the Everett area so that I can do it locally and learn the ins/outs of property management...5years: develop (aggressively) rentals in Tucson Arizona to an arbitrary level of 10K/month (this would be in addition to my living income from retirement checks and Everett rentals.7years: (side goal- personal dreams and all...) finance a golf tour across the country10years: Certified/Sophisticated investor status and begin investment journey in other asset classes (if not there already...)These are just loose concepts in my mind, with the exception of course that when I finally do 'retire' from the Navy, I really do have a goal of having replaced my current levels of income so that I don't have to work for others unless it is something that I really want to do.I see my primary focus as being in the buy/hold/rent arena, but I am not discounting other methods including wholesale and fix/flip projects for capital injections periodically.Finally, I see a lot of value in the Rich Dad encouragement for folks to get into business.

We also count other income and income equivalents (benefits such as utility vouchers, food stamps, public assistance, etc.) when qualifying and determining if a person has the means to afford to rent one of our places.

Cash out would be equivalent to refinancing the whole thing right?  

At this point paying for education is the equivalent of a middle school-er paying for grad-school. 

With rates as low as they are these days, and the fed indicating it's inevitable that the rates will go up progressively, it makes sense to do a 7 or 10 year fixed rate term.Most real estate cycles follow a 7 to 10 year cycle anyway, so  refinancing at those intervals tend to work out either with an equivalent increase in equity if the rates go up, or a reduction if rates if they've gone up throughout the cycle.

I'm from Quebec, and was wondering if anyone knew of a Quebec equivalent to that website?

When dealing with title one should always deal in Warranty Deeds or their equivalent.

He sent me a sample agreement, and here are their numbers:10% management fee100% leasing fee for new tenant25% leasing fee to re-sign tenantIf we change management companies at any point during an existing lease, we pay them the equivalent of the rest of the lease's management feesThis seems quite high to me.

They are accepting the equivalent of $314,693 today in future payments on both mortgagesAlso, a mortgage broker is not a fiduciary.

I have had property managers there for more than 10 years and am very pleased with their abilities.You can purchase equivalent properties there for from 25-40% of the cost of Santa Rosa, Windsor or Rohnert Park properties.