In addition to getting answers to those questions, I would ask if they can offer you a LOC secured by your current note portfolio.

Ken Latchers - Thanks for the feedback, I really appreciate it- I'm pretty sure I addressed or have thought about your concerns at this point-1) I found a cost effective HSA/high deductible plan which should fit well, 2) Agreed- the lack of recurring, reliable funds is a trade off 3) I will have $50k in cash reserves, plus already have a RE LOC at $50k, credit card max of $30k, and 3 F&C properties just in case, 4) I have already secured the funding to continue growing over the next 18 months at the current rate of 2 properties per quarter.

I have just enough to get by.I live with my parents for now until I get a secure job.I have an internship with KPMG for 3 months and then I will knowto start full-time or use the internship exp for full-time with another company.I'm looking for a job that will give me the skills and help me get by we are talking at least 40k a year.I know accountants start off 47k-55k a year but I'd rather take a paycut to learn about how housing properties are valued, what tools/programs are used, licenses to pass, etcPlease keep these posts coming.

Make sure your property meets FHA miminum standards for safety, soundness, and security. 2.

That being said, I have not lived your life so maybe the security you get from being debt free is worth the opportunity costs.

Land lords lein means you can go in and confiscate certain property to secure until they pay the rent.

Welcome to BP Adam...I actually just wrote an article about tips for getting financing from a bank on your first deal, it can be found on the official Bigger Pockets Blog.

Perhaps draft a letter speaking to your intent to sell and the approaching maturity date to put them on official notice.

It's a note secured by the lease.At $600 monthly and 24 months that's a 18.157% interest note.Be sure to charge fair market rents so you are realistic about the returns: If you didn't live there and fair market rent is $1,000 and you charge $600 for 2 years you're essentially giving him something like 78% interest.

The "official news" says prices haven't gone up but you can clearly see prices are much higher in certain areas like Phoenix ,etc.