Now that he is in-school and has basic arithmetic skills, he periodically checks how much more he needs to make a down-payment on his first {rental} house  {being a minor, he cannot borrow on his own and definitely is not eligible for a high-ratio, insured mortgage, so he will need a 20% down-payment and the bank of Mom & Dad if he still wants to purchase a house when he has the funds}.We also use routine activities such as grocery shopping or fuelling the car/truck to discuss budgeting and how much it costs to run a household - at an age appropriate level.

And I cant find that one again so for the past week I set out to watch all of the biggerpockets podcast so I am at 55 now. so ya each of them is an hour so I am taking as much information as I can. even the audiobook millionaire real estate investor is good by gary keller, its on youtube and free. so thats a good foundation that worked for me to get me to understand the basics.

Basically become an expert.

To me servicing means making the proper notifications, accepting payments, providing the accounting, basically doing all the proper paperwork in the right way.  

You’ll gain experience by talking to sellers (basics) then focus on becoming a better negotiator.

I am shopping insurance for the two 4-plex units that are basically together as one 8 unit complex.  

You don't need a massive amount, but do not be fooled, it takes $$$ to make $$$$$$. 

Basically since 08 when I went broke.

Specifically San Clemente, San Juan Capistrano, Dana Point, Mission Viejo, Laguna Beach, Laguna Niguel; basically everything north of Camp Pendleton up to Irvine.

I've seen a few different articles online about this with conflicting calculations but basically what is my basis for this 1031 exchange here:-Bought a house for 63,240 paid in cash.