I will have to stop into his office for a chat.

.$18,000 of cash should allow you to purchase an investment property for $60,000 - $65,000 in Allentown(20% + closing costs).Pulling equity from your home should allow you to have more purchasing power.Ultimately - you should reach out to a lender to see how much you can borrow.

Ben Toth stop reading books just build a spreadsheet to analyze a properties you see and rank them so you know a deal when you see them.

My guess is you are going to have a major fight on your hands and you should turn this over to your lawyer to prepare.As for the tennat...stop being concerned about ruffling feathers.

Hi Kelvin You are thinking the right thoughts by reaching out to this community.Learning never stops in this business.

Ask him to stop or you will have to evict him.

In 3 years, the equity had grown in a positive direction and it becomes possible to borrow agains the first one or two to buy another.

Luckily, I chose the time I did to sign up for all those cards knowing I wasn't going to be doing any bank borrowing for awhile and within a couple months my credit score was back up to the mid-to-high 700's. 

If you want to do one deal a year this may work if you have a lot of cash. if not then you will need to start finding deals with a little bit more margin and finding inexpensive money to borrow so you can scale your business.

Once the tenants paid it off, borrow that equity and buy more rentals.