Vince  @Vincent Casiano    when you say a vacation home mortgage do you mean a secondary residence conventional loan?  

I say as soon as you know you want to invest in real estate, start developing a business plan, I think you will find yourself investing sooner that you would othererwise.

I’d stay away from north Fairmount especially for your first property. id say a place like norwood, pleasant ridge, silverton would be more desirable.

it is funny I can go to networking events in various states where all they do wholesaling, attorneys are in there and dnt say a word.

So would you say beach boxes are easier/have more cash flow than say a bigger beach property with all the bells and whistles?

Barring that, I’d say a fair value would be to get actual appraisals (perhaps obtaining a discount for multiple units) and then taking those figures less about 8% (which is what you’ll pay in the future to sell them.

Perhaps you can check my thinking here . . .If you were to swap out - say a $10,000 to $30,000 chunk of the dragon's tail and then applied to re-amortize (aka recast) the loan.

@Jason Pinkerton I would say a local assistant would be best for you and you can bring them on part time, then slowly or quickly move them into full time.

How does he get the experience/expertise to start a real estate  investing career and if you say a mentor is necessary, what should this rookie expect from the mentor and what should it cost him?

So, if you are an insured you have a financial interest, any loss paid will be disbursed in all their names.So, if an additional insured or any loss payee is on the check for a significant loss suffered and one decides they won't endorse the check except under certain circumstances you have a problem.While it is possible for a company to insure a PM, say as a rider, such would not be common.