Isn’t a birddog paid to produce leads, while a wholesaler is paid to produce deals?

Theres NO WAY a newbie could produce a 3 million dollar NET PER YEAR business in Real Estate in 5 years.

Cap rate below 10% for sure...I will suggest that if you plan on borrowing $20k + rehab or more from your parents/family and pay cash, depending on where you are looking, you can find better income producing rental properties.I will comment on the $2k EMD.

Other than the big producing nations of the middle east we probably have the world's lowest tax on gasoline, forcing us to spend TRILLIONS per year maintaining the world's only (in the true sense of it) "Blue Water Navy, the most powerful air force and one of the most expensive armies.In order to lessen the tax hit on lower wage workers it should be phased in and accompanied by a decrease in the personal income tax on lower wage earners.

As far as I can tell, these tenants have been unable to produce any lease at all.

No where to go but up and I want to snap up a few income producing properties before prices do start to climb.

Produces low payment.

If you have a full time job producing that other income, it will be extremely difficult to prove you're a RE professional.Good rentals don't produce a lot of losses.

Mostly, the possible income that the cash out refi can produce for your parents, the debt that may be paid off, etc...they are keeping them from or obstructing fair trade.

I'm looking to own a handful of income producing properties by the time i'm 30.