I am looking to diversify cash into real estate for the purpose of building long term equity (horizon 15 years) and generating dividends (rental income) that I can compound by reinvesting.Compared to most that are successful in this forum, I am a newbie, but my partners are either commercial builders or have personally bought sold at least 5 homes in the last 5 years.

I've skim coated the grooves in paneling with joint compound prior to paint to give it a smooth drywall appearance.

I know he has a book but I haven’t read it .Starting with 100k cash and ending up with millions in 30 years would not be too difficult even with passive investments especially if you are reinvesting or letting it compound .Something more active like flipping or doing value add deals and then selling them of course could get one there a lot quicker .

I've had a very busy day, as I do every day, and I think now I'm going to bow out and make myself some guacamole. ps---Helpful hint: adding a hard-boiled egg really improves the taste and texture. 

Usually, critical repairs need to be done promptly while other not so needed can wait; depends on how inhabitable the repairs needed continue to compound. 

The benefits are compounding when you have almost no money into the deal (sometimes a little as 3% of the purchase price and can even negotiate for the seller to pay some or all of the closing costs).

I had a listing with Chinese Sheet Rock and when I would lean against the wall, it would bow under my weight (I am not a big person).

Was my Mothers house on a family compound and did not want to go outside of family.

With this kind of margin, all you're doing is delaying your flip profit and attempting to compound that with appreciation.

For example, I have a duplex with bowed/uneven floors when i first bought it, reminded me of alice in wonderland (because of the crazy appearance, tons of bunnies that burrowed there, tall hedges, and lots of greenery) so i call it wonderland.