While I am there I would like to flip and/or buy and hold properties to add to my portfolio, which is completely empty, because I'm as new to the game as a defenseless baby seal.

Congratulations on the soon to be born baby!

I go by the 2% equity-cost ratio rule - for example, if it costs 1.5K to setup asspro and 500 annually in expense associated with that (maintaining the entity, registered agent, extra cost from cpa) for a 2K cost, then I would look to put that in place when I pass the 100K level in equity in my property (note I said equity, not value of property).It's your "baby", how you grow it depends on you, helmet or no helmet.

Those babies will get opened and read.

Hello BP! I just thought i'd introduce myself to every one on here. My name's Chris and I currently live in ahwatukee, AZ. Born and raised in Lebanon until the age of 24 and came to the states about 6 years ago, was i...

With that, the retirement founds no longer receiving yields on their investments at sustainable levels of 7%-8% and have no money to pay the baby boomers.With-saying that, if you planing to flip houses in todays market I would aim to go in and out in 3 months Max. if you buy and hold buy cashflow to wether the storm and you should be OK.Remember, you make your money when you buy so make sure you get a good deal with equity buffer in it. the discount you get today may be market value or less in downturn so cashflow would be the only thing to hold you above water. 

And then 10X it baby!!!!

Before that I just focused on school and career.Now that we just had a baby, flipping, which is just another job, isn't as enticing anymore.

It was ironic that you (Quinton) said that Jason was right, and should have listened.To Jason's point, women in China, due to the imbalance of more male babies than female, now have the upper hand in relationships.

How exactly did you stretch or go above and beyond the Dave Ramsey baby steps @Christopher Leon  Glad to hear you have the situation under control, meaning, your not emotionally attached and are just going to walk away.