I plan to hold this property. 40k @ 7% and I have 9 years left but have to secure my own financing within the next 4 years.

He is holding 2 months worth of rent for our security deposite.

In addition to getting answers to those questions, I would ask if they can offer you a LOC secured by your current note portfolio.

They are worth their weight in gold

When they are out of the program you have some dead weight on your hands.

Ken Latchers - Thanks for the feedback, I really appreciate it- I'm pretty sure I addressed or have thought about your concerns at this point-1) I found a cost effective HSA/high deductible plan which should fit well, 2) Agreed- the lack of recurring, reliable funds is a trade off 3) I will have $50k in cash reserves, plus already have a RE LOC at $50k, credit card max of $30k, and 3 F&C properties just in case, 4) I have already secured the funding to continue growing over the next 18 months at the current rate of 2 properties per quarter.

I have just enough to get by.I live with my parents for now until I get a secure job.I have an internship with KPMG for 3 months and then I will knowto start full-time or use the internship exp for full-time with another company.I'm looking for a job that will give me the skills and help me get by we are talking at least 40k a year.I know accountants start off 47k-55k a year but I'd rather take a paycut to learn about how housing properties are valued, what tools/programs are used, licenses to pass, etcPlease keep these posts coming.

Make sure your property meets FHA miminum standards for safety, soundness, and security. 2.

That being said, I have not lived your life so maybe the security you get from being debt free is worth the opportunity costs.

Land lords lein means you can go in and confiscate certain property to secure until they pay the rent.