I am not spending a dime of it on anything other than making more money.

Most young people make the mistake of getting in the "rat race early" after going to college, buying a brand new car, then trying to move into a fancy house, big fancy weddings, buying expensive furniture and financing everything under sun on credit then they work for someone or some company till their kids graduate college and never save a dime till the day they die.

If he doesn't have time or desire to complete those tasks I'd take every dime and invest in mutual funds, stocks, ETF's, or anything passive and low risk.

.: I suspect that puts you 7 more rentals than many of the attendees :=).Sorry you cannot go, you know so little that it has no value to for you to learn anything additional :=).I I'll assume that's just a joke, I started 7 years ago, growing organically, 1 unit per year all on my own dime and self managed.  

Even if I never see a dime from the 2nd, that entire balance would have gone to the IRS and FTB anyway. 

A free ride on the banks dime right?

Dang Leslie, but everyone says I can be a millionaire without a dime in my pocket doing wholesaling and using "OPM" if only Id just go do it.

In Aussie, buyers agents are a dime a dozen and the only one's offering such a service are the "pumpers" that promote themselves as "financially free and if I did it, so can you"So mostly investor focus and work as buyers agents nationwideGrazie mille The 6% thing is an aggregate number, it's never been a standardized singular item. 

Must be nice.Edit: Telling me that my property was a bad investment 15-20 years ago is like me telling you that you failed as a stock investor because you didn't beat the S&P 500.First I was purchasing RE since 1993 and 13 years ago (not quite 15 but I suspect similar buy criteria) I started purchasing regularly.  13 years ago 1% properties were a dime a dozen.  2% was the goal (the rule used to be called the 2% rule) and was challenging in coastal southern Ca, but 1.5% was not that hard to find. 

Building inspectors love quoting "A structural engineer" for anything and everything.Even a dime size hole in the siding.They kill a lot of deals with their terminologyJust my opinion.Thanks