Additional concerns: tax implications, risks, benefits, & any additional information especially involving paying the least amount taxes. 

My concern is that the timing would need to be correct for me personally- I would need to be prepared to take on another rental and have the time to find the property, etc. 

Any other questions / concerns I should be taking into consideration with renting waterfront property to multiple families?

I came up with $2.1M using a very similar method.

I’m getting concerned about the labor part.Am I being overly simplistic to think I could - between Home Depot laborers- thumbtack and people I’ve used for projects at my house - I could manage a small rehab ..?

I am concerned that he may have been in the lumber yard and attempted to leave with more then her purchased.

A buddy was telling me that he heard of a method of getting financing via buying an established company and leveraging the company's equity to obtain financing.Is this real/legit or should I tell him to beware?

My concern is when the bank pulls my deed what will happen when they see the original purchase price only 5 months prior?

They're both concerned about identity theft.

Investing is not a way to get out of debt it is a method used to make your money earn it's keep.