If you use the above scenario - pretend you're paying the whole mortgage and that any money you earn from your tenant becomes seed money for the next house.

I've been extremely grateful for all the information on this website and I've been trying to soak up everything that I've come across.

To start the stratey I will be employing is "Wholesaling".I will be the first to admit I have been a habitual lurker in the forums and podcast, and have soaked up tons of valuable information (I love the fact its for free).

I planned on selling what was previously my residence, and investing in 4 rentals and begin flipping a few properties to increase seed money.

But the last couple of years dozens if not hundreds of groups of investors have planted their seed.

I'll be following you on the site so I can soak up as much knowledge from your experiences as possible.

and have been like a sponge trying to soak up information.

Clearly I am a novice, but we are trying to soak up all the info we can.

Here is a list of the renovation tasksReplaced every piece of trim in home (yes, every single piece)Build a rear covered porchReplace gutters and soffitReplace water heaterReplace all windowsRefinish hardwood floorsReplace all doors in home with prehung solid core doorsAll new hardwareAll new kitchen and bathAdd a master bath with soaking tub (with inspections)Add a master closetRewire master (with inspections)Replace master carpetInstall hardwired fire alarmsInstall recessed can lighting throughout.The list goes on and on.I used a total of 2 contractors.

My wife’s not really in to it and Real estate should be a slow and boring business. "   Wow sure would love to if you don't mind talking to a beginner,  I have lots of info to soak up.