It sounds like you're personally stretched a bit thin as it is, without adding on a massive $600k investment.You might be able to convince the seller to finance it with zero out of pocket expense to you, especially if it's been sitting a while without selling.

It depends on your debt to equity and your overall situation (credit, cash-flow), but it wouldn't be a stretch to think they would lend against your portfolio of 26 properties (or some amount of them) that you could use to pay off or pay off a portion of the hard money.

Even so, that seems like a bit of a stretch.  

I prefer to stretch 20k-40k of my initial investments to be able to purchase as many properties as that would allow (down-payments) as I have excellent credit and would be perusing conventional funding from banks. 

However, I do have a problem in regards to stretching the truth with the home owner.

In this case, I wrote down 10-12 flips and acquire 10 buy-and-hold units (a stretch for me, but I believe in setting big goals and letting the subconscious go to work on the how-to).Then a friend mentioned that he wants to do FEWER flips that produce more money per flip, which got me thinking ... should I instead concentrate on the income I'd like to generate?

Is this goal of $60k in annual rental income realistic by any stretch of the imagination?

Having a crew to do remodels certainly helps to stretch out my income potential from it.

I have seem some parks for sale out of state; but that may be a stretch for me to manage even with a on-site manager since I am just starting out.I would like to supplement my income by $50K a year; but from what I have read in the forum of getting $100 per door, I would have to have 500 apartments rented.

There is no reason I have to wait for my diploma to begin my career as a real estate investor.So that you understand my intentions with RE, here are some personal reasons for my particular passion in this business:- It is an art form in my eyes- I had multiple stretches of homelessness in my childhood- I want to build relationships that will benefit future endeavors- I want to create multiple streams of income and bring diversity to my portfolio- Gain capital for other business investmentsThis post is written in effort to find a coaches/mentors/partners in this business.