Some important tax implications for you in the future are when(if) you decide to sell the properties.

You should be rockin' the passive income.I never recommend building because, when the economy changed overnight in 2008, builders were the first to go and have still not come back in force.I never buy land - it's betting on the future.

I was too busy having fun that I forgot about the future until now when I started working again after I graduated.

I was too busy having fun that I forgot about the future until now when I started working again after I graduated.

@Molly ArnottWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

So I think I can try to keep something consistent RE wise going forward.Right now I don't have much of an interest in seeking the attention of strangers for investing, but I may in the future.  

what if ~ for this guy~ he had to put 20 grand of his hard earned money into this to be pushed into a bigger context and begin investing in his future by using real estate .

Did not try to research precedents.I just wish that there was a clean legal way to self-borrow without losing the interest deduction on future refi.I understand the legislative intent in disallowing interest deduction for equity refi.

Also moving forward at future judicial sales do you have any recommendations for a "newbie" in how to properly vet a house out to make sure that these liens do not exist?

As a newbie, I was wondering if seeking a conventional loan for my first rental property will affect my eligibility in the future to get a FHA loan to purchase my first primary SFR?