Since discovering BP last weekend, I have already had the opportunity to listen to 6 or 7 podcasts, read multiple blogs and beginners guides and I just finished Rich Dad, Poor Dad today and then immediately dove into another BP special.

This depends on how quickly he wants to grow his portfolio.Its always great to be liquid and use the money to make more money.

response : yes with possible arvcoc -> myself yes, for the amount of cash you are dishing out ( only my 2 cents - prefer at least 10% - 12% )quick glance : do you have snow removal  in your number or part of property management percentage ?

Giving my financials a quick overview, he stated that he was not sure I could get pre-approved based on my income alone that I would have to include the rental income on both properties.  

Hello folks;I have a question regarding a new rental in South Jersey (Burlington).-Lease:  ?  I was considering ezlandlordforms NJ specific lease package. However, the lease doesn't explicitly state spell out terms of...

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Your monthly cash flow could disappear quickly if rates go up at all.  

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Later, it's sold and I receive 20% of the net profit.This is purely a money deal on my end (no involvement in rehab or rental).Question - If the property sells quickly (say, within 3 months), and since my profit is paid through a security agreement (I never have title to the property), how would this be treated for tax purposes?

@John Thedford Yeah they seem to be coming in quite quickly.