I'm not going to venture a number on the profit made in appreciation, but our net worth is about 5 million and it has exclusively been through RE.We do have good cash flow, but primarily that money is reinvested rather than used to live on.

The last option is to enter into a Joint Venture with someone.

This might be an interesting topic born from another thread.When is buying or operating in real estate a speculative venture and when are you investing?

It's not a joint venture agreement, but similar.

I purchase condominium townhouses in Hamilton Ontario with Joint Venture Partners.

As you grow, you start to develop bottle necks in your work flow.

If you do venture into MI I would recommend the northern west coast.

Without a $500 conference held in Vegas business plan one cannot possibly be engaging in a business venture.

I've also owned a couple of business ventures in the sound reinforcement and music fields.

I don't think any guru will be teaching the business side of any commercial venture, they will be expanding basically strategies used for residential/appartments for the acquisition of the real estate, not rocket science, that's why it can be explained in a guru course, IMO.