Thats right it must be a bit difficult with people you go to class with. 

Not to mention I'm also actively looking for deals (smaller apartment buildings, 5-24 units) where perhaps seller financing or a master lease option would be a possibility so I can get started without much of my own capital, but obviously these are difficult to find given my inexperience in finding off market deals.

Figure out how many free and clear units you need to achieve your cash flow goal, buy with leverage until you reach that number of units, and then snowball either the highest rate debt or the lowest mortgage balances from that point forward.

At the time though, I needed more steady income and I found it difficult to work around my fire department schedule. 

Other $585.70 $100.00 01 Broker Fee to Weichert Realtors $1,000.00 $0.00 02Commission Listing Agent to Meyer & Meyer Realty $1,500.00 $0.00 03 Commission Selling Agent to Weichert Realtors $134.65 04Final Utility Billing to City of Wilmington $350.00 05 Survey to East Coast Survey legal $1.84 06Tax Balance NCC to New Castle Countyaccurate as of 9/12 $135.70 07Title - Owner's Title Insurance to Ward & Taylor, LLC I.

But it could also be an 8% private money loan with any range of terms, or a 12% hard money loan with full balance due in a year (sell or refi before that basically).

However, it is difficult to find townhomes where the numbers work.  

Thats a liability on the balance sheet .Rule number 2    No money , no work .You are an agent , have you ever sold a house and had the buyers come to the table and say , lets get this done , And then say I will send the seller  a check in 30 days ?  

For example, if I borrowed $10,000 this year, made payments each month until 2019, can I use a distribution in 2019 to repay the remaining balance on the loan? 

Upon initial glance, it seems difficult to achieve positive cashflow in California.