$525 positive cashflow a month is not bad. 10 of those deals in your lifetime and you will be out of the rat race.

The key to that is to have your RE income exceed your expenses.If you ever play the Kiyosaki game of Cashflow 101, you know that to exit the "rat race" you have to have your passive income exceed your expenses.Seems simple right?

I'm big on drag racing and it is a passion of mine outside of real estate.I buy, build, barter, sell, and race street cars.

I have actually never paid for an app :) I transferred weather bug elite, tiger woods golf, some racing game etc from my brother's iPhone (for some reason apple allows this??

Should I have paid, probably not but it one less thing to worry about.Exterior damage was done months back, rocks shot from a friends lawn mower doing me a favor.

In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

You can deny any applicant S-8 or non S-8 for any reason, even bad breath, sloppy clothes etc, as long as you are not discriminating against any as a protected clss as defined by law, like race, religion, sex, age,etc.

For me the end goal is to build a portfolio of passive income that will enable me to permanently depart the rat race and do what I love without feeling any heartburn.

But, if you really want to own property, collect checks every month, have your tenants buy your equity for you, and find a way out of the rat race - there are ways to do it.Never let not having the money to stand in your way!

Have you been keeping up with the Congressional race between Sanford and Stephen Colbert's sister?