Once the 1 year is up I will turn it in to a full rental.

Before we present our full plan and the all the numbers to our "coach", I want to be sure I understand one thing-where does my cost of repair money come from?

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.

Well, I recently lost my job now finding another one is so painful and stressful that I really want to do real estate full time.

I never used my broker license for a full time job even though I kept it active for about 30 years.i closed a few deals for other people and have only one real estate investment deal for myself.As a safety thing, right after you close on an improved property, get an insurance policy that will protect you if there is a loss.  

They might do it free for you if you're a good customer, they might charge 1%, they might demand a full 6%.  

I'd like to continue this strategy for a few years while I still have my full time job.

He works full time with some company so He is only available to work on weekends.

New investor, currently going to school full time and doing some part time work.