Noble too that you want to pave your own way financially apart from your family.Recognize that it's a get rich slow game (which I'm sure you know by now).

I'm a complete rookie to the world of real estate, but I'm drawn to the idea that building a portfolio of buy and hold properties is a solid "get rich slow" plan.

This book is called Rich Dad, Poor Dad by Robert Kiyosaki.

I've been wondering if it would make more sense to put a tankless water heater into a rental property as opposed to your standard traditional tank.

I'm still trying to get the lingo down to see what options are available.Something I learned today from one of the Podcasts is you can get traditional mortgages especially if you're doing a buy and hold for the first few of them.  

You'll find out what is traditional I.

I can not get traditional financing, the purchase price is too low for lenders that lend based on property dti, and I am not willing to give him more than 15k down.The solution: Create a 2nd position note for 15k and a option to purchase in a year or two at 45k with principal and interest as a down payment.

The riches are in the niches, and within each one of your goals there are niches upon niches (let's not forget the large, pink Jamaican elephant in the room!)

One other thought is for a traditional loan the bank wants to see the $ in your account for 30-60 days.

I recently read Rich Dad Poor Dad as well as Rich Dad's Cashflow Quadrant.